Yuken India Limited reported a consolidated net profit of ₹521.80 lakhs for the quarter ended June 30, 2026 (Q1FY26), a 29% increase year-on-year from ₹405.48 lakhs. Revenue from operations rose 28% to ₹13,432.68 lakhs, up from ₹10,455.26 lakhs in Q1FY25. The growth was primarily driven by its hydraulic business, which contributed ₹11,705.09 lakhs in segment revenue, compared to ₹8,944.26 lakhs in the previous year. The Board of Directors approved the unaudited financial results on August 11, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditors, Walker Chandiok & Co LLP, issued a limited review report on the consolidated financial results. The review covered the holding company and its subsidiaries, including Coretec Engineering India Private Limited, Grotek Enterprises Private Limited, and Kolben Hydraulics Limited. The auditors noted that they did not review the interim financial results of three subsidiaries, whose revenues totaled ₹4,707.53 lakhs and net profit after tax was ₹180.08 lakhs for the quarter; these were reviewed by other auditors. Additionally, the group’s share of net loss from two associates, Sai India Limited and AEPL Grotek Renewable Energy Private Limited, was ₹30.34 lakhs.

Consolidated Financial Highlights

Standalone results showed a net profit of ₹366.53 lakhs for Q1FY26, compared to ₹309.44 lakhs in Q1FY25. Standalone revenue from operations increased 31% to ₹11,453.37 lakhs from ₹8,714.58 lakhs. Earnings per equity share stood at ₹3.84 basic and diluted on a consolidated basis, up from ₹3.12 in the prior year quarter.

Segment Performance

The hydraulic business remained the primary revenue driver, contributing ₹11,705.09 lakhs in segment revenue, a 31% increase from ₹8,944.26 lakhs in Q1FY25. The foundry business also saw growth, with segment revenue rising to ₹2,730.31 lakhs from ₹2,239.76 lakhs. Inter-segment revenue was ₹1,002.72 lakhs. The hydraulic business reported segment results of ₹1,541.88 lakhs, while the foundry business recorded ₹363.11 lakhs.

What the Numbers Show

Revenue growth outpaced expense growth slightly, with total expenses rising 28% to ₹12,814.96 lakhs. Cost of materials consumed increased significantly to ₹6,222.69 lakhs from ₹4,073.28 lakhs, reflecting higher production volumes. Employee benefits expense rose to ₹1,846.90 lakhs from ₹1,615.30 lakhs. The company recognized an incremental expense of ₹62.09 lakhs during FY26 related to the implementation of the New Labour Codes, as mandated by the Government of India effective November 21, 2025. The group continues to monitor developments regarding these codes.

The Board had previously proposed a final dividend of 15% (₹1.50 per equity share) for FY25, subject to shareholder approval at the upcoming Annual General Meeting. If approved, this would result in a cash outflow of ₹203.76 lakhs. The paid-up equity share capital remains at ₹1,358.40 lakhs, comprising 13,584,000 shares of face value ₹10 each.

Yuken India Limited announced that M/s. VKAN & Associates, Chartered Accountants, have resigned as the statutory auditors of its material subsidiary, Coretec Engineering India Private Limited. The resignation is effective from the close of business hours on June 02, 2026, due to the auditor's pre-occupation and inability to devote the requisite time and resources necessary to continue discharging their responsibilities.

The audit firm stated that the decision was made after careful consideration of their current portfolio of professional assignments and resource allocation. They clarified that the resignation is solely on account of pre-occupation and is not attributable to any reason concerning the affairs, financial position, internal controls, governance, or management of Coretec Engineering India Private Limited.

M/s. VKAN & Associates were appointed as statutory auditors at the 26th Annual General Meeting of Coretec Engineering India Private Limited held on September 03, 2024. Their term was scheduled to conclude at the end of the 31st Annual General Meeting of the company for the financial year 2028-29.

The firm confirmed that there are no other facts or circumstances connected with the resignation that require being brought to the notice of the members, the Board of Directors, the Audit Committee, the Holding Company, or any regulatory authority. The resignation follows the completion of the statutory audit for the financial year ended March 31, 2026, to allow the subsidiary adequate time to appoint a successor.

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