Indsil Hydro Power & Manganese Ltd reported a standalone net profit of ₹502.5 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a 3.4% increase year-on-year from ₹486.2 lakh in the same period of FY26. The company’s revenue from operations declined slightly by 1.3% to ₹3,958.7 lakh, down from ₹4,010.6 lakh in Q1FY26.

The improvement in profitability was primarily driven by operational efficiencies in the Ferro Alloys segment, which reduced its operating loss significantly. Meanwhile, the Power segment continued to contribute substantially to the bottom line, although its operating profit contracted year-on-year.

Financial Highlights

*Note: Q1FY26 Net Profit calculated as Total Income (₹4,078.53 lakh) minus Total Expenses (₹3,454.28 lakh) minus Tax Expense (₹14.52 lakh deferred tax only, current tax was nil). Source data shows PBT of ₹624.26 lakh and PAT of ₹609.74 lakh for continuing operations in Q1FY26. The YoY growth calculation uses the disclosed PAT figures: (502.48 - 486.22) / 486.22 ≈ 3.4%. However, the source explicitly lists PAT for Q1FY26 as ₹609.74 lakh. Let's re-verify the source data strictly.

Source Data Check: Q1FY27 (June 2026): PAT = ₹502.48 lakh. Q1FY26 (June 2025): PAT = ₹609.74 lakh. Change: (502.48 - 609.74) / 609.74 = -17.6%.

Correction: Net profit fell 17.6% YoY. The previous summary was incorrect based on a misreading of the table columns or calculation. Let's re-read carefully.

Table Column 3: Quarter ended 30/06/2025 (Unaudited) -> This is Q1FY26. Row 13: Profit/(Loss) for the period -> ₹609.74 lakh. Row 13 Current Quarter (Col 1): ₹502.48 lakh.

So, Net Profit fell from ₹609.74 lakh to ₹502.48 lakh. That is a decline.

Let's look at Segment Results: Ferro Alloys Operating Loss: Q1FY27 = -₹62.25 lakh. Q1FY26 = -₹143.90 lakh. Improvement in loss. Power Operating Profit: Q1FY27 = ₹589.21 lakh. Q1FY26 = ₹768.16 lakh. Decline in profit.

Why did PAT fall if Ferro Alloys improved? Because Power profit dropped more than Ferro Alloys loss improved? Power drop: 768.16 - 589.21 = 178.95 lakh drop. Ferro Alloys improvement: 143.90 - 62.25 = 81.65 lakh improvement. Net impact on PBT: -178.95 + 81.65 = -97.3 lakh. PBT Q1FY26: 624.26. PBT Q1FY27: 526.56. Difference: 97.7 lakh. Matches.

Tax: Q1FY26 Tax: Current (nil) + Deferred (14.52) = 14.52. Q1FY27 Tax: Current (7.07) + Deferred (17.02) = 24.09. Tax increased by ~9.57 lakh.

So PAT fell due to lower Power segment profits and higher tax expense, despite better performance in Ferro Alloys.

Revised Summary: Indsil Hydro Power & Manganese Ltd reported a standalone net profit of ₹502.5 lakh for Q1FY27, down 17.6% year-on-year from ₹609.7 lakh. Revenue from operations fell 1.3% to ₹3,958.7 lakh. The decline in profit was driven by a contraction in the Power segment's operating profit, which offset an improvement in the Ferro Alloys segment's operating loss.

Revised Title: Indsil Hydro Power Q1 Results: Net profit falls 17.6% YoY to ₹502.5 lakh

Revised Content:

Indsil Hydro Power & Manganese Ltd reported a standalone net profit of ₹502.5 lakh for the quarter ended June 30, 2026 (Q1FY27), a 17.6% decline from ₹609.7 lakh in the corresponding period of FY26. Revenue from operations decreased by 1.3% to ₹3,958.7 lakh, down from ₹4,010.6 lakh in Q1FY26.

The drop in profitability stemmed primarily from the Power segment, where operating profit fell to ₹589.2 lakh from ₹768.2 lakh in the prior year. This decline outweighed an improvement in the Ferro Alloys segment, which narrowed its operating loss to ₹62.3 lakh from ₹143.9 lakh.

Financial Performance

Total expenses rose 1.8% to ₹3,516.2 lakh, driven by higher cost of materials consumed (₹2,478.8 lakh vs ₹2,392.0 lakh) and other expenses (₹834.8 lakh vs ₹836.1 lakh, largely flat but with inventory changes impacting COGS). Finance costs remained negligible at ₹0.4 lakh.

Segment-wise Results

The company operates through two main segments: Ferro Alloys and Power. Inter-segment revenue of ₹524.9 lakh was eliminated to arrive at external revenue.

The Ferro Alloys segment showed significant operational improvement, reducing its loss by over 56%. However, the Power segment, the primary profit driver, saw its operating profit contract by 23.3%, leading to the overall decline in consolidated profitability.

What the Numbers Show

While the Ferro Alloys business is stabilizing, the company’s earnings remain heavily dependent on the Power segment. In Q1FY27, the Power segment contributed ₹589.2 lakh to the pre-tax profit, accounting for approximately 112% of the total profit before tax (₹526.6 lakh), effectively covering all losses from the Ferro Alloys division and corporate overheads. Any further volatility in power generation or tariffs will have a disproportionate impact on the company’s bottom line.

Balance Sheet Signals

Capital employed increased to ₹21,663.8 lakh from ₹20,411.8 lakh in the previous quarter. Segment assets for Ferro Alloys rose to ₹21,289.6 lakh, while liabilities decreased to ₹792.4 lakh from ₹1,541.8 lakh, indicating a reduction in short-term obligations within that division. The Power segment’s capital employed remained stable at ₹1,166.7 lakh.

The financial results were reviewed by Divya K R And Associates, the statutory auditors, and approved by the Board of Directors on August 12, 2026.

Indsil Hydro Power & Manganese Limited has announced the convening of its 36th Annual General Meeting (AGM), scheduled for Thursday, September 17, 2026 at 12:00 PM (IST), to be held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) without the physical presence of members at a common venue. The meeting will be conducted in compliance with applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Ministry of Corporate Affairs (MCA) Circulars issued from time to time.

Dividend Recommendation for FY2025-26

The Board of Directors, at its meeting held on May 25, 2026, recommended a final dividend for the financial year ended March 31, 2026. Key details of the dividend announcement are as follows:

The proposed dividend is subject to approval of shareholders at the ensuing AGM. Pursuant to Section 393 of the Income Tax Act, 2025, the company is required to deduct tax at source (TDS) from dividends paid to shareholders at prescribed rates. A resident individual shareholder with a valid PAN, entitled to receive dividend exceeding Rs. 10,000/- and not liable to pay income tax, may submit a yearly declaration in Form No. 121 to avail the benefit of non-deduction of tax at source by emailing secretarial@indsil.com on or before September 17, 2026.

AGM Notice and Annual Report Distribution

The Notice of the 36th AGM and the Annual Report for the year ended March 31, 2026 will be sent exclusively by email to members whose email addresses are registered with the Company, Registrar and Share Transfer Agent (RTA), or their respective Depository Participants (DP). For members who have not registered their email address, a letter containing the weblink to the Annual Report will be sent to their registered postal address.

The AGM Notice and Annual Report will be made available on:

• The Company's website: www.indsil.com
• BSE Limited's website
• National Securities Depository Limited's (NSDL) e-voting website

E-Voting and Shareholder Participation

Members can join and participate in the 36th AGM exclusively through VC/OAVM. Members participating via VC/OAVM will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013. The Company will provide remote e-voting and e-voting during the AGM to enable shareholders to cast their votes on the business set out in the AGM Notice.

Shareholder Action Required

The company has urged shareholders to update their details to ensure seamless receipt of dividends, the Annual Report, and other communications. Key actions required include:

• Demat shareholders: Register or update bank account and email details with their respective Depository Participants as per the process advised.
• Physical shareholders: Register or update details using the prescribed Form ISR-1 and other relevant forms with the RTA, MUFG Intime India Private Limited (formerly Link Intime India Private Limited), at investor.helpdesk@in.mpmf.mufg.com .

In line with SEBI's mandate effective April 1, 2024, dividend payments to shareholders holding shares in physical form will be made only through electronic mode. Shareholders holding physical shares must furnish their PAN, contact details, bank account details, and specimen signature to receive dividend payments. Non-resident shareholders may avail beneficial tax treaty rates subject to submission of required documents, including a Tax Residency Certificate and Form No. 41, to secretarial@indsil.com on or before September 17, 2026.