Haldyn Glass Limited has delivered impressive financial results for the quarter ended December 31, 2025, showcasing robust growth across key performance indicators. The glass bottle manufacturer reported strong revenue expansion and improved profitability despite facing regulatory challenges during the period.

Financial Performance Highlights

The company's standalone financial results demonstrate significant year-over-year improvements across major metrics. Revenue from operations reached ₹12,470.09 lakhs in Q3 FY26, compared to ₹10,524.67 lakhs in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, further reinforced the company's strong operational momentum. Revenue from operations for the nine-month period totaled ₹35,542.63 lakhs, representing a 19.27% increase from ₹29,799.24 lakhs in the corresponding period of FY25.

Exceptional Items and Regulatory Impact

The company recorded exceptional charges of ₹183.12 lakhs during Q3 FY26, attributed to the implementation of new Labour Codes notified by the Government of India on November 21, 2025. These codes consolidate 29 existing labour laws and resulted in additional expenses toward gratuity and leave benefits. The company conducted a preliminary assessment of the impact and accounted for the additional costs in the current quarter results.

Consolidated Results Performance

On a consolidated basis, which includes the wholly-owned subsidiary Haldyn Glass USA Inc. and joint venture Haldyn Heinz Fine Glass Private Limited, the company reported even stronger performance. Consolidated net profit for Q3 FY26 reached ₹527.06 lakhs compared to ₹397.63 lakhs in Q3 FY25, marking a 32.54% increase.

Board Approval and Compliance

The Board of Directors of Haldyn Glass Limited approved these unaudited financial results at their meeting held on February 13, 2026. The results have been prepared in accordance with Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013, and comply with SEBI Listing Regulations. The statutory auditors M/s. KNAV & CO. LLP conducted a limited review of both standalone and consolidated financial results, confirming compliance with applicable accounting standards and regulatory requirements.

Haldyn Glass Limited has informed the stock exchanges about the reaffirmation of its credit ratings by CARE Ratings Limited. The company submitted the regulatory filing on December 31, 2025, in compliance with Regulation 30 of the SEBI Listing Regulations.

Credit Rating Details

CARE Ratings Limited has evaluated and rated the bank facilities of Haldyn Glass Limited across different categories. The rating agency has taken specific actions on various facility types, reflecting the company's current financial standing and creditworthiness.

The detailed rating assessment covers both long-term and short-term bank facilities:

Rating Implications

The CARE A- rating with stable outlook for long-term bank facilities indicates the rating agency's assessment of the company's creditworthiness. However, the facility amount has been reduced from ₹178.25 crores to ₹168.00 crores, representing a decrease of ₹10.25 crores.

The short-term bank facilities worth ₹14.00 crores have maintained their CARE A2 rating, suggesting consistent performance in short-term obligations. The withdrawal of certain short-term facilities reflects changes in the company's banking arrangements.

Regulatory Compliance

The intimation was filed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Dhruv Mehta, Company Secretary & Compliance Officer, ensuring proper regulatory adherence.

This credit rating update provides stakeholders with current information about Haldyn Glass Limited's financial standing as assessed by CARE Ratings Limited.