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Hindusthan Insulators & Industries Q2 FY27 results: net profit ₹55.37 crore vs ₹43.30 crore loss
Hindusthan Insulators & Industries Limited reported standalone Q2 FY27 revenue of ₹172.06 crore and a net profit of ₹55.37 crore, compared with a net loss of ₹43.30 crore in Q2 FY26. EBITDA rose to ₹75.02 crore, while the EBITDA margin expanded to 43.6% from 9.5%.
Key points
- Revenue rose 146.9% year on year to ₹172.06 crore in Q2 FY27, up 48.3% from ₹116.02 crore in Q1 FY27.
- EBITDA was ₹75.02 crore, up 1031.5% from ₹6.63 crore in Q2 FY26, while the margin rose 34.1 percentage points to 43.6%.
- The company reported a net profit of ₹55.37 crore in Q2 FY27 against a net loss of ₹43.30 crore in Q2 FY26; basic EPS was ₹25.58.
- For H1 FY27, revenue was ₹288.08 crore and net profit was ₹91.99 crore, against revenue of ₹134.18 crore and a net loss of ₹43.48 crore in H1 FY26.
- High Tension Insulators reported revenue of ₹170.28 crore and EBIT of ₹73.77 crore in Q2 FY27; the stock was up 2.0% on the reaction day and 12.6% by the fifth session.
How did Hindusthan Insulators & Industries perform in Q2 FY27?
Hindusthan Insulators & Industries reported standalone revenue of ₹172.06 crore for Q2 FY27, up 146.9% from ₹69.68 crore in Q2 FY26 and 48.3% from ₹116.02 crore in Q1 FY27. EBITDA rose to ₹75.02 crore from ₹6.63 crore a year earlier and ₹43.80 crore in the previous quarter. The EBITDA margin was 43.6%, compared with 9.5% in Q2 FY26 and 37.8% in Q1 FY27.
Profit before tax was ₹74.01 crore in Q2 FY27, against a loss of ₹42.46 crore in Q2 FY26 and profit of ₹42.12 crore in Q1 FY27. After tax of ₹18.64 crore, the company reported a net profit of ₹55.37 crore, compared with a net loss of ₹43.30 crore in the year-ago quarter. Basic EPS was ₹25.58, versus a loss per share of ₹300.09 in Q2 FY26 and ₹50.76 in Q1 FY27. The results are on a standalone basis.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 172.06 | 116.02 | 69.68 | +146.9% | +48.3% |
| Other income | 3.45 | 2.75 | 2.16 | +59.7% | +25.5% |
| Total expenses | 101.50 | 76.65 | 68 | +49.3% | +32.4% |
| EBITDA | 75.02 | 43.80 | 6.63 | +1031.5% | +71.3% |
| EBITDA margin | 43.6% | 37.8% | 9.5% | +34.1 pp | +5.8 pp |
| Profit before tax | 74.01 | 42.12 | −42.46 | turned to profit | +75.7% |
| Tax | 18.64 | 5.50 | 0.84 | +2119.0% | +238.9% |
| Net profit | 55.37 | 36.62 | −43.30 | turned to profit | +51.2% |
| EPS (₹) | 25.58 | 50.76 | −300.09 | turned to profit | −49.6% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Hindusthan Insulators & Industries' costs and profit?
Total expenses increased by ₹33.50 crore, or 49.3%, to ₹101.50 crore from ₹68 crore in Q2 FY26. Cost of materials rose ₹11.77 crore to ₹36.10 crore, employee cost increased ₹1.81 crore to ₹8.31 crore, and other expenses increased ₹17.24 crore to ₹50.53 crore. Finance costs declined ₹0.48 crore to ₹2.30 crore, while depreciation fell ₹0.01 crore to ₹2.16 crore.
Other income increased ₹1.29 crore to ₹3.45 crore from ₹2.16 crore in Q2 FY26. There was no exceptional item in Q2 FY27, against an exceptional charge of ₹46.30 crore in the year-ago quarter. Tax rose by ₹17.80 crore to ₹18.64 crore from ₹0.84 crore. The figures show the effect of the lower exceptional charge and higher operating earnings, although the filing does not state why expenses or other income changed.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 36.10 | 24.33 | +11.77 | +48.4% |
| Employee cost | 8.31 | 6.50 | +1.81 | +27.8% |
| Finance costs | 2.30 | 2.78 | −0.48 | −17.3% |
| Depreciation | 2.16 | 2.17 | −0.01 | −0.5% |
| Other expenses | 50.53 | 33.29 | +17.24 | +51.8% |
| Total expenses | 101.50 | 68 | +33.50 | +49.3% |
| Other income | 3.45 | 2.16 | +1.29 | +59.7% |
| Tax | 18.64 | 0.84 | +17.80 | +2119.0% |
| Exceptional items | none | −46.30 (charge) |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, Hindusthan Insulators & Industries reported standalone revenue of ₹288.08 crore, up ₹153.9 crore or 114.7% from ₹134.18 crore in H1 FY26. Total income rose 113.7% to ₹294.28 crore from ₹137.71 crore.
Profit before tax turned to ₹116.13 crore from a loss of ₹42.42 crore, while net profit was ₹91.99 crore against a net loss of ₹43.48 crore. EPS was ₹42.5, compared with a loss per share of ₹301.33 in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 288.08 | 134.18 | +114.7% |
| Profit before tax | 116.13 | −42.42 | turned to profit |
| Net profit | 91.99 | −43.48 | turned to profit |
| EPS (₹) | 42.50 | −301.33 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹776.64 crore, compared with ₹660.62 crore at 31 March 2026. Total equity rose to ₹513.56 crore from ₹422.84 crore, and borrowings increased to ₹129.62 crore from ₹109.19 crore. Cash was ₹14.31 crore, compared with ₹13.28 crore. Inventories stood at ₹104.91 crore against ₹100.14 crore, trade receivables at ₹85.16 crore against ₹50.24 crore, and trade payables at ₹22.13 crore against ₹29.82 crore.
H1 FY27 operating cash flow was ₹70.71 crore, compared with ₹5.26 crore in H1 FY26. Investing cash flow was negative ₹84.19 crore against negative ₹2.29 crore, financing cash flow was ₹14.51 crore against negative ₹4.60 crore, and capital expenditure was ₹80.98 crore against ₹4.68 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 776.64 | 660.62 |
| Total equity | 513.56 | 422.84 |
| Borrowings | 129.62 | 109.19 |
| Cash and equivalents | 14.31 | 13.28 |
| Inventories | 104.91 | 100.14 |
| Trade receivables | 85.16 | 50.24 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 70.71 | 5.26 |
| Cash from investing | −84.19 | −2.29 |
| Cash from financing | 14.51 | −4.60 |
| Capital expenditure | 80.98 | 4.68 |
Source: Company's results filing (XBRL).
How has Hindusthan Insulators & Industries done over the last 8 quarters?
Revenue rose year on year in each of the last eight quarters. It reached ₹172.06 crore in Q2 FY27 from ₹64.50 crore in Q1 FY26, while EBITDA margin peaked at 43.6% in the latest quarter and bottomed at negative 27.5% in Q4 FY25. Net profit was also highest in Q2 FY27 at ₹55.37 crore, after a low of negative ₹43.30 crore in Q2 FY26.
The recent sequence shows revenue increasing from ₹95.48 crore in Q3 FY26 to ₹108.88 crore in Q4 FY26, ₹116.02 crore in Q1 FY27 and ₹172.06 crore in Q2 FY27. Net profit moved from ₹14.69 crore to ₹20.91 crore, ₹36.62 crore and then ₹55.37 crore, while the EBITDA margin moved from 26.3% to 21.2%, 37.8% and 43.6%.
Which businesses drove the quarter?
High Tension Insulators was the main reported segment in Q2 FY27, with revenue of ₹170.28 crore, up 151.0% from ₹67.83 crore in Q2 FY26. Its EBIT was ₹73.77 crore, compared with ₹5.25 crore in the year-ago quarter, and the segment EBIT margin was 43.3%.
Real-Estate reported revenue of ₹1.78 crore in Q2 FY27, compared with ₹1.78 crore in Q2 FY26, with EBIT of ₹1.42 crore against ₹0.61 crore and an EBIT margin of 79.8%. The Others segment reported revenue of ₹0.01 crore and EBIT of negative ₹0.04 crore, with a negative 546.8% EBIT margin.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Real-Estate | 1.78 | −0.2% | 1.42 | 79.8% |
| High Tension Insulators | 170.28 | +151.0% | 73.77 | 43.3% |
| Others | 0.01 | −0.04 | -546.8% |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
In its BSE filing on 3 November 2026, the company said the board approved the unaudited financial results for the quarter and half year ended 30 September 2026. The board also approved the limited review report issued by K.N. Gutgutia & Co, statutory auditors, for the quarter and half year.
The company said CFO Shailendra Jhalani resigned with effect from 3 November 2026 because of his proposed appointment as a Whole-time Director from 4 November 2026. The board appointed him as Additional Director and Deputy Managing Director for three consecutive years from 4 November 2026 to 3 November 2029, subject to members' approval.
The board approved Mool Chand Gauba's appointment as an Additional Director and Non-Executive Independent Director. It also approved increasing authorised share capital from Rs. 108,50,00,000/- to Rs. 121,00,00,000/-, subject to shareholder and regulatory approvals. The filings did not report a dividend or a fund raise.
How did Hindusthan Insulators & Industries shares react?
The results were filed after market hours on 3 November 2026, from a previous close of ₹516.25. On the reaction day, the stock closed up 2.0% from that pre-results close. By the next day's close, it was up 4.0% from the pre-results close, and by the fifth session, it was up 12.6%.
| After the filing | Stock |
|---|---|
| Reaction day | +2.0% |
| Next day | +4.0% |
| 5 days | +12.6% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
Quick answers
What was Hindusthan Insulators & Industries' revenue in Q2 FY27?
Revenue from operations was ₹172.06 crore, up 146.9% from ₹69.68 crore in Q2 FY26 (standalone).
Did Hindusthan Insulators & Industries make a profit in Q2 FY27?
Yes. Net profit was ₹55.37 crore, against a net loss of ₹43.30 crore in Q2 FY26.
What was Hindusthan Insulators & Industries' EPS in Q2 FY27?
Basic earnings per share were ₹25.58, against a loss of ₹300.09 in Q2 FY26.
How did Hindusthan Insulators & Industries shares react to the Q2 FY27 results?
On the reaction day the stock moved +2.0% from the previous close.
When did Hindusthan Insulators & Industries announce its Q2 FY27 results?
On 3 October 2026, in a filing to the BSE.
Sources
- Board Meeting Outcome for Outcome Of The Board Meeting In Terms Of The Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (BSE, 3 October 2026) · PDF
- Outcome Of The Board Meeting In Terms Of The Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (BSE, 3 October 2026) · PDF
- Authorisation To The Key Managerial Personnels (Kmps) Of The Company For Determining The Materiality Of An Event Or Information Under Regulation 30(5) Of The SEBI (LODR) Regulations ,2015 (BSE, 3 October 2026) · PDF
- Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association (BSE, 3 October 2026) · PDF
- Outcome Of The Board Meeting Held On October 03, 2026 Under Regulation 30 Of SEBI (LODR) Regulations, 2015 (BSE, 3 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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