Hardwyn India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
HARDWYN · price
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The Board of Hardwyn India Limited, at its meeting held on June 7, 2025, approved the audited financial results (both standalone and consolidated) for the quarter and financial year ended March 31, 2025. The statutory auditor, S.S. Periwal & Co., issued an unmodified (clean) opinion on both sets of results. The consolidated balance sheet shows total assets rising modestly to ₹46,501.84 lakhs (from ₹44,542.94 lakhs a year earlier) and total equity at ₹39,868.79 lakhs. However, profit before tax on a consolidated basis fell sharply to ₹1,584.99 lakhs in FY25 from ₹7,459.64 lakhs in FY24 — roughly a 79% drop. The standalone picture mirrors this, with PBT dropping from ₹7,391.76 lakhs to ₹1,521.73 lakhs. Net cash from operating activities on a standalone basis remained positive at ₹141.03 lakhs, though lower than the previous year's ₹276.48 lakhs.
Despite a clean audit and stable balance sheet, the steep fall in profitability year-on-year is a red flag that may weigh on the stock. Shareholders should watch for management commentary on the reasons for the sharp earnings decline before drawing conclusions on the company's earnings trajectory.