Hardwyn India Limited has released its financial results for the second quarter of fiscal year 2026, showcasing a mixed performance with notable profit growth despite a slight dip in revenue.

Financial Highlights

Key Takeaways

• Revenue Performance: Hardwyn India reported a marginal decrease in consolidated revenue, which stood at ₹5,068.70 lakhs in Q2 FY2026, down from ₹5,164.74 lakhs in the same quarter of the previous fiscal year.

• Profit Growth: Despite the slight revenue decline, the company's profit after tax saw a significant jump of 7.7%, reaching ₹435.28 lakhs compared to ₹404.01 lakhs year-over-year.

• Half-Yearly Performance: For the first half of FY2026, Hardwyn India's consolidated revenue reached ₹9,363.15 lakhs, with a profit after tax of ₹798.62 lakhs.

Management Commentary

The company's management has attributed the strong bottom-line growth to improved operational efficiency across its core business segments. While the revenue showed a minor contraction, the substantial increase in profitability suggests effective cost management and potentially higher-margin product sales.

Board Meeting Outcome

Hardwyn India's Board of Directors met on November 19, 2025, to approve the unaudited financial results for Q2 FY2026. The meeting, which commenced at 4:00 PM and concluded at 5:00 PM, was held at the company's registered office in New Delhi.

Investor Implications

The mixed results present an interesting scenario for investors. While the revenue decline might raise some concerns, the significant improvement in profitability could be seen as a positive indicator of the company's operational efficiency and market positioning.

Investors and market analysts will likely keep a close watch on Hardwyn India's performance in the coming quarters to determine if this trend of improved profitability amid challenging revenue conditions continues.

As always, it is advisable for investors to consider these results in the context of broader market conditions and the company's long-term strategy before making investment decisions.

Hardwyn India Limited , a prominent player in the hardware manufacturing sector, has announced significant corporate actions that are set to reshape its business structure and governance. The company's board has approved a series of strategic decisions, including a share swap deal, appointment of new auditors, and an increase in authorized share capital.

Share Swap and Stake Acquisition

Hardwyn India Limited has approved the allotment of equity shares on a preferential basis through a share swap. This transaction will result in the acquisition of a 33.50% stake in Fiba Hardwyn Locks Limited, amounting to 22,06,674 shares at Rs. 184.00 per share.

The share swap involves issuing 2,53,76,751 securities worth Rs. 4,66,93,22,184.00 to four investors. The details of the allotment are as follows:

This strategic move is expected to enhance Hardwyn India's position in the hardware manufacturing and metal fabrication industry.

Increase in Authorized Share Capital

To facilitate future growth and potential capital raising activities, the board has approved an increase in the company's authorized share capital from Rs. 50.00 crores to Rs. 55.00 crores. This decision is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Appointment of New Auditors

In line with corporate governance best practices, Hardwyn India Limited has made two key appointments:

1. Secretarial Auditor: M/s. Amit Saxena & Associates has been appointed as the Secretarial Auditor for a period of five years, from April 2025 to March 2030. The firm brings significant experience in corporate laws, FEMA, SEBI regulations, and secretarial audits.

2. Statutory Auditor: M/s. S.S Periwal & Company has been appointed as the Statutory Auditor for five consecutive years, from the 8th to the 13th Annual General Meeting. The firm is known for its expertise in audit and assurance, tax planning, and corporate governance.

Both appointments are subject to shareholder approval at the upcoming AGM.

About Fiba Hardwyn Locks Limited

Fiba Hardwyn Locks Limited, the company in which Hardwyn India is acquiring a stake, is engaged in hardware manufacturing and metal fabrication. Some key details about the company include:

• Incorporation Date: August 22, 2005
• Registered Office: C-147 Mayapuri INDL Areaphnase II, New Delhi, Delhi, India, 110064
• Recent Financial Performance:
  • FY 2024-2025: Rs. 4,365.61 Lakhs
  • FY 2023-2024: Rs. 3,977.23 Lakhs
  • FY 2022-2023: Rs. 3,959.21 Lakhs

These strategic decisions by Hardwyn India Limited reflect the company's commitment to growth, improved governance, and strengthening its position in the hardware manufacturing sector.