Submission of Unaudited Financial Results of the Company for the quarter ended 31st December, 2025
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Hardcastle & Waud Manufacturing Company reported strong unaudited results for Q3 FY26, with revenue from operations more than doubling to ₹292.92 lakhs (vs ₹139.08 lakhs in Q3 FY25, a rise of ~111%). Profit after tax jumped to ₹141.18 lakhs (vs ₹61.35 lakhs), while EPS stood at ₹20.78 versus ₹9.03 a year ago. For the nine-month period, revenue grew ~76% to ₹725.42 lakhs and PAT surged ~140% to ₹288.70 lakhs, with EPS of ₹42.49. The company operates through three segments — Trading, Investments and Leasing — with Investments being the largest contributor to revenue and profits. The auditor (Desai Saksena & Associates) issued an unqualified limited review report with no qualifications.
Strong double-digit growth in both revenue and profits, driven mainly by the Investments segment, is positive for shareholders. The clean audit report and absence of exceptional items reinforce a stable earnings picture for this quarter.