This is to inform you that pursuant to Regulation 30 and Regulation 33 of the Listing Regulations, the Board of Directors, at its meeting held today i.e. 14th November, 2025 has considered ....
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Hind Aluminium Industries reported a sharp turnaround in Q2 FY26 with standalone revenue from operations rising to ₹2.62 Cr from just ₹0.36 Cr a year ago, and net profit of ₹1.33 Cr versus a loss of ₹0.18 Cr earlier. For the half year (H1 FY26), standalone net profit was ₹2.39 Cr against a loss of ₹0.31 Cr in H1 FY25, with EPS of ₹3.79. On a consolidated basis, Q2 net profit was ₹1.79 Cr and H1 net profit was ₹4.29 Cr. The Board also noted that subsidiary Hind Power Products Private Limited was struck off during FY26, and consolidated results now only include associate Associated Industries Limited LLC (SFZ) Oman. Statutory auditor Karnavat & Co. issued a qualified review report on both standalone and consolidated results, flagging that gratuity and leave encashment provisions were made on an estimated basis rather than actuarial valuation under Ind AS 19.
Strong year-on-year recovery in both revenue and profits is a positive for shareholders, but the qualified auditor opinion on employee benefit provisioning is a governance red flag investors should watch. Operating cash flows remain negative on a consolidated basis (-₹2.56 Cr in H1 FY26), meaning the profit improvement is not yet translating into cash generation.