Hindusthan Udyog Q1 FY26 results: net profit down 40.3% to ₹9.57 crore

How did Hindusthan Udyog perform in Q1 FY26?

Hindusthan Udyog reported consolidated revenue of ₹0 crore for Q1 FY26, unchanged from Q1 FY25 and Q4 FY25. Total income was ₹1.32 crore, while EBITDA was a loss of ₹0.62 crore and EBITDA margin was not provided. The company reported a net profit of ₹9.57 crore and basic EPS of ₹15.46.

Against Q1 FY25, total income was up ₹0.46 crore, EBITDA improved by ₹0.03 crore, and profit before tax moved to ₹0.34 crore from a loss of ₹0.18 crore. Net profit was down ₹6.46 crore, or 40.3%, while basic EPS fell ₹10.42, or 40.3%. Against Q4 FY25, net profit was up ₹8.71 crore, or 1012.8%, and basic EPS rose ₹14.07, or 1012.2%.

The reported results are on a consolidated basis. Standalone profit before tax was ₹0.28 crore, while standalone profit after tax was a loss of ₹0.29 crore; standalone revenue was ₹0 crore.

What changed in Hindusthan Udyog's costs and profit?

The main year-on-year change was in other income, which rose by ₹0.46 crore to ₹1.32 crore from ₹0.86 crore. Total expenses fell by ₹0.06 crore to ₹0.98 crore, with finance costs lower by ₹0.01 crore, depreciation lower by ₹0.02 crore and other expenses lower by ₹0.04 crore. Employee cost was unchanged at ₹0.24 crore, and cost of materials was unchanged at ₹0 crore.

Profit before tax moved to ₹0.34 crore from a loss of ₹0.18 crore, a difference of ₹0.52 crore. Tax was ₹0.06 crore, down ₹0.05 crore from ₹0.11 crore. There was no exceptional item during the quarter. The filing does not state a further reason for the change in the reported net profit.

How has Hindusthan Udyog done over the last 8 quarters?

The available quarterly pattern shows profit after tax rising from ₹16.03 crore in Q1 FY25 to ₹23.74 crore in Q2 FY25, before falling to ₹14.33 crore in Q3 FY25 and ₹0.86 crore in Q4 FY25. It then increased to ₹9.57 crore in Q1 FY26. The highest profit in the series was ₹137.61 crore in Q3 FY24, while the lowest was ₹0.86 crore in Q4 FY25.

Revenue is shown as ₹0 crore throughout the available quarterly trend, and EBITDA margin is not provided for those quarters. The direction of the latest profit figure was higher than in Q4 FY25 but lower than in Q1 FY25.

What else did the company announce?

The company’s same-day results filing said the Board considered and approved the standalone and consolidated unaudited financial results for the quarter ended 30 June 2025. It also enclosed the limited review reports issued by the statutory auditors. The board meeting began at 4:00 p.m. and concluded at 5:00 p.m. on 14 August 2025.

The board filings also covered the appointment of M/s Vidhya Baid & Co. as Secretarial Auditor and the re-appointment of Mr. B.K. Mawandia as an Independent Director. The AGM notice proposed Vidhya Baid & Co. for a five-year term from FY 2025-26 to FY 2029-30 and Mawandia’s re-appointment for a further five years with effect from 6 July 2025. No dividend or fund-raise announcement is stated in the supplied filings.

What did the auditors point out?

The auditor excerpt states that the Directors prepared the accounts for the financial year ended 31 March 2025 on a “going concern” basis. It also states that the Directors had taken proper and sufficient care for maintaining adequate accounting records, safeguarding assets, and preventing and detecting fraud and other irregularities.

The excerpt says that internal financial controls were laid down and were adequate and operating effectively, and that the Directors had devised proper systems for compliance with applicable laws that were adequate and operating effectively. The supplied excerpt does not state the wording of an emphasis of matter or a qualified opinion.

How did other Industrial Products companies do?

Among 92 Industrial Products peers compared, the median revenue growth was 5.5%. The company’s own revenue was unchanged at ₹0 crore, and the supplied peer comparison does not give the fields for the number of peers that grew slower or faster than Hindusthan Udyog.

The peer data also reports that 52 peers had profit up, compared with 102 peers for which profit was assessed. The supplied figures do not provide a median or comparative profit figure for Hindusthan Udyog beyond its reported ₹9.57 crore net profit.