DHP India Limited profit reaches Rs 5.2636 crore in September

DHP India Limited reported unaudited standalone profit after tax of Rs 5.2636 crore for the quarter ended September 30, 2026, compared with Rs 1.162 crore a year earlier, as total income increased to Rs 27.4314 crore from Rs 14.6554 crore. The statutory auditor issued a limited-review report without a modified conclusion.

How much did DHP India earn in the September quarter?

DHP India earned Rs 5.2636 crore after tax in the quarter ended September 30, 2026, up from Rs 1.162 crore in the corresponding quarter ended September 30, 2025. Profit before tax rose to Rs 7.2299 crore from Rs 1.5929 crore, while total tax expense increased to Rs 1.9663 crore from Rs 0.4309 crore.

The September-quarter profit also exceeded the Rs 4.6968 crore reported for the preceding quarter ended June 30, 2026. Basic and diluted earnings per share were Rs 17.55 in the September 2026 quarter, compared with Rs 3.87 a year earlier and Rs 15.66 in the June 2026 quarter. The filing reports paid-up equity share capital of Rs 3 crore.

What drove DHP India’s September-quarter revenue growth?

DHP India’s gross revenue from operations rose to Rs 28.1009 crore in the September 2026 quarter from Rs 14.6675 crore a year earlier. Sales of products increased to Rs 22.967 crore from Rs 12.3266 crore, while other operating income rose to Rs 5.1339 crore from Rs 2.3409 crore.

The company deducted Rs 0.7307 crore of goods and services tax, or GST, recovered on domestic product and scrap sales from the September 2026 gross revenue, resulting in net revenue from operations of Rs 27.3702 crore. The corresponding September 2025 column reports gross revenue but does not show a GST-recovery deduction, so the like-for-like comparison disclosed in the filing is gross revenue.

DHP India’s gross operating revenue was Rs 23.0619 crore in the June 2026 quarter, comprising Rs 19.7112 crore in product sales and Rs 3.3507 crore in other operating income. Other income declined to Rs 0.0612 crore in the September 2026 quarter from Rs 0.2871 crore a year earlier, meaning the increase in total income principally came from operating revenue.

How did DHP India’s costs change in the September quarter?

DHP India’s total expenses increased to Rs 20.2015 crore in the September 2026 quarter from Rs 13.0625 crore a year earlier. Material consumption rose to Rs 10.822 crore from Rs 6.0165 crore, employee-benefit expense was Rs 3.9844 crore compared with Rs 3.8181 crore, and other expenses increased to Rs 2.9882 crore from Rs 2.0003 crore.

Inventory changes represented an expense of Rs 1.5042 crore in the September 2026 quarter, compared with Rs 0.19 crore in the corresponding prior-year period. Depreciation and amortisation declined to Rs 0.8277 crore from Rs 0.915 crore, while finance costs fell to Rs 0.075 crore from Rs 0.1226 crore. The difference between total income and total expenses was therefore Rs 7.2299 crore before tax.

Against the June 2026 quarter, total expenses rose from Rs 16.2642 crore to Rs 20.2015 crore as total income increased from Rs 22.5745 crore to Rs 27.4314 crore. Material consumption increased by Rs 0.7559 crore, while inventory changes moved from a Rs 0.5642 crore reduction in the June quarter to a Rs 1.5042 crore expense in the September quarter.

What were DHP India’s first-half results and cash flows?

DHP India reported profit after tax of Rs 9.9604 crore for the half year ended September 30, 2026, compared with Rs 5.7266 crore for the corresponding half year ended September 30, 2025. Total income rose to Rs 50.0059 crore from Rs 37.1553 crore, and profit before tax increased to Rs 13.5402 crore from Rs 7.7196 crore.

First-half product sales rose to Rs 42.6782 crore from Rs 30.5228 crore, while other operating income increased to Rs 8.4846 crore from Rs 5.1112 crore. Total expenses were Rs 36.4657 crore, compared with Rs 29.4357 crore in the prior-year half. Basic and diluted earnings per share were Rs 33.20, compared with Rs 19.09.

Net cash generated from operating activities was Rs 10.5692 crore for the half year ended September 30, 2026. The cash-flow statement records Rs 0.6025 crore invested in property, plant and equipment and Rs 7.7996 crore invested in mutual funds, with net cash used in investing activities of Rs 8.3761 crore. Cash and cash equivalents stood at Rs 2.6794 crore on September 30, 2026, compared with Rs 0.4458 crore on March 31, 2026.

What does DHP India’s September balance sheet show?

DHP India reported equity of Rs 256.6646 crore on September 30, 2026, comprising Rs 3 crore of equity share capital and Rs 253.6646 crore of other equity. Current investments were Rs 204.7856 crore, inventories were Rs 23.1958 crore and trade receivables were Rs 9.9493 crore at the half-year date.

Property, plant and equipment was Rs 25.4611 crore on September 30, 2026, compared with Rs 26.5018 crore on March 31, 2026. Current investments increased from Rs 182.5866 crore, while inventories rose from Rs 22.7848 crore and trade receivables increased from Rs 9.7451 crore over the same period.

Current borrowings were Rs 8.017 crore on September 30, 2026, compared with Rs 6.5667 crore on March 31, 2026. Trade payables were Rs 14.51 crore against Rs 12.1781 crore, and current tax liabilities net of advance tax were Rs 1.2366 crore against Rs 0.7159 crore. DHP India states that it primarily manufactures engineering goods and has no separate reportable segment under Indian Accounting Standard 108.

Did DHP India’s auditor modify the review conclusion?

DHP India’s statutory auditor, NKSJ & Associates, stated that nothing had come to its attention to indicate that the unaudited standalone results were not prepared in accordance with applicable accounting standards or contained a material misstatement. The conclusion followed a limited review of the quarter and six months ended September 30, 2026.

The Board of Directors approved the results on November 10, 2026, after the Audit Committee meeting held on that date. The auditor said a review consists primarily of inquiries and analytical procedures and provides less assurance than an audit; it did not express an audit opinion on the September 2026 results.

Conclusion

DHP India’s September 2026 quarter combined higher product sales of Rs 22.967 crore and other operating income of Rs 5.1339 crore with total income of Rs 27.4314 crore. Although expenses increased to Rs 20.2015 crore, profit before tax reached Rs 7.2299 crore and profit after tax was Rs 5.2636 crore, above both the year-earlier and preceding-quarter figures.

The filing does not disclose a management target, operating plan or scheduled future event. The disclosed items to track in later reporting are the Rs 204.7856 crore current-investment balance, current borrowings of Rs 8.017 crore, and whether the September-quarter movements in product sales, material consumption and inventory changes continue.