Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and nine months ended 31st December, 2025.
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Hindusthan Udyog Ltd reported Q3 FY26 results showing it operates as an investment holding company with zero revenue from operations. Standalone net profit for the nine months rose to Rs 799.02 lakhs from Rs 633.90 lakhs (up ~26%), though this was largely driven by a sharp drop in tax expense to Rs 95.09 lakhs from Rs 241.83 lakhs, while profit before tax grew only marginally to Rs 894.11 lakhs from Rs 875.73 lakhs. Standalone other income for 9M was Rs 1,240.07 lakhs vs Rs 1,189.29 lakhs. On a consolidated basis, nine-month PAT declined to Rs 4,970.09 lakhs from Rs 5,410.18 lakhs as profit from associates dropped to Rs 4,978.40 lakhs from Rs 5,583.61 lakhs. Q3 consolidated PAT, however, jumped to Rs 2,373.12 lakhs from Rs 1,432.67 lakhs. Statutory auditor Salarpuria & Partners issued an unqualified review report with no qualifications, emphasis of matter, or going concern issues flagged.
With no operating revenue, shareholder value is tied to performance of associate companies (WPIL, Spaans Babcock, Hindusthan Parsons etc.), whose 9M contributions weakened year-on-year. The clean audit opinion and strong Q3 standalone earnings are positives, but the lack of core operating activity and reliance on investment income limits fundamental growth visibility.