News Earnings Hilton Metal Forging Reports Q3 FY26 Results with Sequential Decline in PerformanceHilton Metal Forging Reports Q3 FY26 Results with Sequential Decline in Performance
Hilton Metal Forging Limited reported Q3 FY26 net profit of ₹141.61 lacs, down 18.7% sequentially but up 211.7% year-over-year. Revenue from operations declined 20.3% to ₹6984.36 lacs quarter-on-quarter while showing 73.3% annual growth. Nine-month performance demonstrated strong momentum with 100.3% profit growth and 52.1% revenue increase compared to the previous year.
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Hilton Metal Forging Limited has released its unaudited financial results for the third quarter of FY26, ended December 31, 2025, revealing a mixed performance with sequential decline but year-over-year improvement. The Board of Directors approved these results during their meeting held on February 14, 2026.
Financial Performance Overview
The company's Q3 FY26 results demonstrate contrasting trends when compared across different periods. While sequential performance showed decline, year-over-year metrics indicated substantial growth.
| Metric | Q3 FY26 | Q2 FY26 | Q3 FY25 | Change (QoQ) | Change (YoY) |
|---|---|---|---|---|---|
| Revenue from Operations | ₹6984.36 lacs | ₹8764.01 lacs | ₹4029.30 lacs | -20.3% | +73.3% |
| Total Income | ₹7017.47 lacs | ₹8802.01 lacs | ₹4071.73 lacs | -20.3% | +72.4% |
| Net Profit | ₹141.61 lacs | ₹174.13 lacs | ₹45.43 lacs | -18.7% | +211.7% |
| Basic EPS | ₹0.61 | ₹0.74 | ₹0.19 | -17.6% | +221.1% |
Operational Metrics and Cost Structure
The company's cost structure revealed significant variations during the quarter. Cost of raw materials and components consumed stood at ₹6512.37 lacs, representing 93.2% of total revenue, compared to 94.7% in the previous quarter. This improvement in raw material cost efficiency was offset by other operational factors.
Key Expense Categories
- Employee Benefit Expenses: ₹100.26 lacs (up from ₹83.29 lacs in Q2 FY26)
- Finance Costs: ₹186.93 lacs (increased from ₹152.07 lacs sequentially)
- Depreciation and Amortisation: ₹55.36 lacs (marginally down from ₹56.21 lacs)
- Other Expenses: ₹186.80 lacs (decreased from ₹217.36 lacs in previous quarter)
Nine-Month Performance Analysis
The cumulative performance for the nine months ended December 31, 2025, showcased strong year-over-year growth across key parameters.
| Parameter | 9M FY26 | 9M FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations | ₹17953.41 lacs | ₹11807.49 lacs | +52.1% |
| Total Income | ₹18062.05 lacs | ₹11922.18 lacs | +51.5% |
| Profit Before Tax | ₹317.41 lacs | ₹203.01 lacs | +56.3% |
| Net Profit | ₹330.55 lacs | ₹165.01 lacs | +100.3% |
Tax Position and Capital Structure
The company reported a net tax benefit of ₹4.37 lacs in Q3 FY26, primarily due to MAT entitlement adjustments and deferred tax benefits. The paid-up share capital remained stable at ₹2340.00 lacs with a face value of ₹10.00 per equity share.
Business Operations and Segment Information
Hilton Metal Forging operates as a government-recognized export house, specializing in manufacturing forging components including flanges and forged fittings. The management reviews the company's performance as a single operating segment in accordance with Ind AS 108. The company maintains no subsidiaries, joint ventures, or associates as of December 31, 2025.
Regulatory Compliance and Audit
The financial results were subject to limited review by statutory auditors Anil Bansal & Associates, Chartered Accountants. The results comply with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Hilton Metal Forging
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -9.86% | -4.74% | -21.88% | -59.89% | -65.78% | +153.07% |
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