Hisar Metal Industries Limited declared a final dividend of ₹1.00 per share for the financial year ended March 31, 2026, during its 36th Annual General Meeting held on August 28, 2026.

The meeting, conducted at the company’s registered office in Hisar, Haryana, concluded with the adoption of the audited financial statements for FY26 alongside the reports of the Board of Directors and Auditors.

Governance Updates

Shareholders approved several key governance changes during the special business segment:

• Re-appointment of Mrs. Anubha Tayal (DIN: 00081391) and Mr. Abhiram Tayal (DIN: 00081453), who retired by rotation.
• Appointment of Mr. Manish Jain (DIN: 00300805) as an Independent Director in a non-executive capacity.
• Appointment of Mr. Shreyaskar Chaudhary (DIN: 00059059) as an Independent Director in a non-executive capacity.

The company also ratified the remuneration for its Cost Auditors.

Voting Disclosure

The voting results for all transacted items will be disclosed in due course, as stated by the Company Secretary, Vishesh Kumar Chugh.

Hisar Metal Industries reported a standalone net profit of ₹1.8 crore for the quarter ended June 30, 2026, marking a significant turnaround in profitability compared to the prior year. The company’s Board of Directors approved the unaudited financial results on August 08, 2026, revealing that net profit surged 329% year-on-year from ₹42 lakh in Q1FY26. This sharp improvement was primarily driven by a reduction in finance costs and better cost management, even as revenue from operations dipped slightly to ₹64.42 crore from ₹62.10 crore in the corresponding period last year.

The Board meeting, held at the company’s registered office in Hisar, Haryana, commenced at 10:30 a.m. and concluded at 12:15 p.m. The financial results were reviewed and recommended by the audit committee before being presented to the Board. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015. A limited review of the unaudited financial results was conducted by the company’s Statutory Auditors, Ram Sanjay & Co., Chartered Accountants.

Financial Performance Overview

While top-line growth remained muted, the company demonstrated strong bottom-line expansion through efficient expense control. Total income for the quarter stood at ₹64.50 crore, compared to ₹62.33 crore in Q1FY26. Operating expenses decreased significantly, with total expenses falling to ₹62.09 crore from ₹61.77 crore in the same quarter last year, despite a rise in other expenses. Notably, finance costs dropped to ₹1.45 crore from ₹1.68 crore, contributing positively to the profit before tax, which rose to ₹2.41 crore from ₹56 lakh.

Earnings per share (EPS) for the quarter increased substantially to ₹3.33 from ₹0.78 in the previous year’s corresponding period. The company’s paid-up equity share capital remained unchanged at ₹5.4 crore. There were no exceptional items recorded during the quarter, and deferred tax provisions are scheduled to be made at year-end as per standard practice.

What the Numbers Show

The most striking aspect of this quarter’s performance is the divergence between revenue trends and profitability metrics. While revenue from operations contracted by approximately 3.7% year-on-year, net profit more than quadrupled. This suggests a significant improvement in operational efficiency rather than volume-driven growth. The decline in other income (from ₹23 lakh to ₹8 lakh) indicates that the profit surge is operationally grounded, not reliant on one-off gains. Furthermore, the reduction in finance costs highlights effective debt management or favorable interest rate environments, directly boosting the bottom line. Investors should monitor whether this margin expansion can be sustained alongside stable or growing revenues in subsequent quarters.