Submission of Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2025
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Hardcastle & Waud Manufacturing Company reported a strong H1 FY26 with revenue from operations rising about 59% year-on-year to ₹432.50 lakhs (H1 FY25: ₹272.52 lakhs), driven by sharp growth in trading (₹113.31 lakhs vs ₹31.86 lakhs) and investments (₹207.00 lakhs vs ₹131.62 lakhs) segments. Profit after tax surged roughly 151% to ₹147.52 lakhs (H1 FY25: ₹58.80 lakhs), with EPS for the half year at ₹21.71 against ₹8.65 earlier. For the standalone quarter ended September 2025, revenue more than doubled to ₹238.18 lakhs (Q2 FY25: ₹113.26 lakhs) and PAT was ₹70.45 lakhs versus a loss of ₹55.40 lakhs a year ago. Net worth stood at ₹4,739.36 lakhs with no borrowings on the books. The auditor (Desai Saksena & Associates) issued an unmodified limited review conclusion.
Sharp revenue and profit growth — especially in trading and investment income — is positive for shareholders, but the slightly negative operating cash flow of ₹(2.08) lakhs in H1 FY26 despite higher profits suggests working capital pressure and warrants close monitoring.