Hindustan Hardy Limited has delivered impressive financial results for the third quarter of FY26, showcasing strong operational performance and sustained growth momentum. The Nashik-based manufacturer of propeller shafts and automotive accessories reported significant improvements across key financial metrics for the quarter ended December 31, 2025.

Quarterly Financial Performance

The company's Q3 FY26 results demonstrate robust growth with revenue from operations reaching ₹2709.56 lakhs, representing a substantial 36.19% increase from ₹1989.67 lakhs in the corresponding quarter of the previous year. Sequential growth was also positive, with revenue rising 6.98% from ₹2532.84 lakhs in Q2 FY26.

Profitability and Operational Efficiency

Net profit after tax for Q3 FY26 stood at ₹158.27 lakhs, marking a 29.25% year-over-year increase from ₹122.44 lakhs in Q3 FY25. However, the quarterly profit showed a sequential decline from ₹193.68 lakhs in Q2 FY26. The profit before tax reached ₹213.60 lakhs compared to ₹160.25 lakhs in the previous year quarter, indicating strong operational performance.

Earnings per share improved to ₹10.56 from ₹8.17 in the corresponding quarter of the previous year, reflecting enhanced shareholder value creation. The company maintained its paid-up equity share capital at ₹149.85 lakhs with a face value of ₹10 per share.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, Hindustan Hardy Limited demonstrated consistent growth trajectory with revenue from operations reaching ₹7917.43 lakhs compared to ₹5634.98 lakhs in the corresponding period of the previous year, representing a 40.51% increase.

The nine-month net profit after tax surged to ₹650.16 lakhs from ₹395.48 lakhs in the previous year, marking an impressive 64.42% growth, demonstrating the company's ability to convert revenue growth into bottom-line improvements.

Cost Management and Expense Analysis

Total expenses for Q3 FY26 amounted to ₹2509.97 lakhs compared to ₹1836.40 lakhs in Q3 FY25. The major expense components included cost of materials consumed at ₹1557.41 lakhs, employee benefits expenses of ₹382.91 lakhs, and other expenses totaling ₹518.85 lakhs. The company maintained disciplined cost management while scaling operations to support revenue growth.

Corporate Governance and Compliance

The Board of Directors, led by Chairperson and Managing Director Ms. Devaki Saran, approved the unaudited financial results at a meeting held on February 12, 2026. The results were prepared in accordance with Indian Accounting Standards and reviewed by the Audit Committee before board approval. The statutory auditors conducted a limited review and expressed an unmodified review conclusion, confirming the reliability of the financial information presented.

Hindustan Hardy Limited has announced its unaudited financial results for the quarter and half year ended September 30, 2025, showcasing a strong performance across key financial metrics.

Financial Highlights

Quarterly Performance

For the quarter ended September 30, 2025, Hindustan Hardy Limited reported:

• Revenue from operations of Rs. 2,532.84 lakhs
• Net profit after tax of Rs. 193.68 lakhs
• Basic earnings per share of Rs. 12.93

Balance Sheet Strength

The company's financial position remained robust as of September 30, 2025:

• Total assets increased to Rs. 5,955.73 lakhs from Rs. 5,680.52 lakhs in the previous year
• Other equity grew to Rs. 3,256.60 lakhs from Rs. 2,802.21 lakhs

Operational Focus

Hindustan Hardy Limited continues to operate exclusively in designing and manufacturing propeller shafts and accessories for automotive, industrial, agricultural, and other applications. This focused approach has likely contributed to the company's strong financial performance.

Management Approval

The Board of Directors approved these results at their meeting held on November 12, 2025. The meeting, which started at 04:54 p.m. and concluded at 05:10 p.m., also included a review by the Audit Committee.

Auditor's Review

Daga & Chaturmutha, Chartered Accountants, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.