HVAX FY26 Net Profit Rises 29%, Appoints New CFO
HVAX Technologies Limited announced its audited financial results for the year ended March 31, 2026, reporting a net profit of ₹1,430.39 lakh, a 29.5% increase from the previous year. Revenue from operations rose to ₹16,020.80 lakh. The board appointed Mr. Rajendra Prasad Kharita as the new CFO and approved related party transactions with Forgex Technologies and PNX Enterprises LLP.
*this image is generated using AI for illustrative purposes only.
HVAX Technologies Limited announced its audited financial results for the financial year ended March 31, 2026, reporting a 29.5% year-on-year increase in net profit to ₹1,430.39 lakh. Revenue from operations for the year stood at ₹16,020.80 lakh, compared to ₹13,103.19 lakh in the previous year. The board approved the standalone and consolidated financial statements during its meeting on May 22, 2026.
Key Appointments
In a significant leadership change, the board appointed Mr. Rajendra Prasad Kharita as the Chief Financial Officer effective May 22, 2026. Mr. Kharita brings over 20 years of experience in supply chain management and financial operations. Additionally, the board appointed M/s Parth Nair and Associates as the Secretarial Auditor and M/s CHK & Associates as the Internal Auditor for the financial year 2026-27.
Financial Performance
The company's total revenue for FY26 reached ₹16,727.02 lakh, up from ₹13,142.09 lakh in the previous year. Total expenses increased to ₹14,807.02 lakh. Earnings per share (EPS) for the year improved to ₹51.50 from ₹45.90 in the prior year. The statutory auditors, M/s Keyur Shah & Associates, issued an unmodified opinion on the audit reports.
Related Party Transactions
The board approved related party transactions for the financial year 2026-27. Transactions with M/s Forgex Technologies Limited for the purchase of goods and materials, including labour charges, were capped at ₹75 crore per annum. Additionally, rent payments to M/s PNX Enterprises LLP were approved up to ₹2 crore per annum.
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 16,020.80 | 13,103.19 |
| Total Revenue | 16,727.02 | 13,142.09 |
| Total Expenses | 14,807.02 | 11,646.08 |
| Net Profit | 1,430.39 | 1,104.41 |
| EPS (Basic) | 51.50 | 45.90 |
Historical Stock Returns for HVAX Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | -6.46% | -3.84% | -8.57% | +33.29% | +57.66% |
How might Mr. Rajendra Prasad Kharita's supply chain management background influence HVAX Technologies' financial strategy and cost optimization efforts in FY27?
Given the ₹75 crore cap on related party transactions with Forgex Technologies, how dependent is HVAX Technologies on this supplier, and could this concentration pose a supply chain risk?
With total expenses growing at a faster pace than net profit in FY26, what margin expansion strategies could HVAX Technologies pursue to sustain profitability growth in FY27?
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