Haldyn Glass profit more than doubles as revenue rises 17%

Haldyn Glass Limited reported standalone profit of Rs 9.56 crore for the quarter ended September 30, 2026, more than double the Rs 4.30 crore recorded a year earlier, while revenue from operations rose 17% to Rs 135.74 crore. The profit increase outpaced sales growth in the reported quarter.

What were Haldyn Glass’s September-quarter earnings?

Haldyn Glass recorded standalone profit for the period of Rs 9.56 crore in the quarter ended September 30, 2026, compared with Rs 4.30 crore in the quarter ended September 30, 2025. The increase was Rs 5.26 crore, or about 122%, while profit before tax rose to Rs 12.78 crore from Rs 6.00 crore.

Revenue from operations increased to Rs 135.74 crore from Rs 115.71 crore in the year-earlier quarter. Total income, which includes other income, rose to Rs 141.08 crore from Rs 119.98 crore. Other income was Rs 5.35 crore in the latest quarter, compared with Rs 4.27 crore a year earlier.

The disclosed figures indicate that profit expanded faster than turnover. Profit for the period represented about 7.0% of September-quarter revenue, compared with about 3.7% in the corresponding 2025 quarter, based on the reported standalone revenue and profit figures. Haldyn Glass reported basic earnings per share of Rs 1.77, against Rs 0.82 a year earlier.

How did Haldyn Glass compare with the June 2026 quarter?

Haldyn Glass’s September-quarter standalone profit was Rs 9.56 crore, compared with Rs 9.26 crore in the quarter ended June 30, 2026. Profit therefore increased by Rs 0.31 crore sequentially, even as revenue from operations declined by Rs 2.95 crore from Rs 138.69 crore in the June quarter.

Profit before tax rose to Rs 12.78 crore in the September quarter from Rs 12.38 crore in the preceding quarter. Total income increased to Rs 141.08 crore from Rs 139.57 crore, supported by other income of Rs 5.35 crore, compared with Rs 0.54 crore in the June 2026 quarter.

Basic earnings per share increased to Rs 1.77 in the September quarter from Rs 1.72 in the June quarter. Diluted earnings per share were Rs 1.75, compared with Rs 1.70. The sequential comparison differs from the year-on-year result because revenue was lower than in June, while reported profit still increased.

What do Haldyn Glass’s first-half results show?

Haldyn Glass reported revenue from operations of Rs 278.43 crore for the half year ended September 30, 2026, compared with Rs 230.73 crore in the corresponding half year ended September 30, 2025. The Rs 47.70 crore increase equates to about 21% growth over the prior-year six-month period.

Profit for the half year rose to Rs 18.78 crore from Rs 8.45 crore, an increase of Rs 10.33 crore, or about 122%. Total income was Rs 280.66 crore, compared with Rs 235.13 crore, while profit before tax was Rs 25.16 crore, against Rs 11.49 crore in the prior-year half.

Basic earnings per share for the six months were Rs 3.49, compared with Rs 1.57 in the corresponding 2025 period. Haldyn Glass identifies manufacturing and trading of glass bottles as its only operating segment under Indian Accounting Standard 108, or Ind AS 108, so the filing does not provide separate revenue or profit data by bottle category or customer.

What changed in Haldyn Glass’s financial position and cash flow?

Haldyn Glass had total standalone assets of Rs 517.28 crore at September 30, 2026, compared with Rs 496.97 crore at March 31, 2026. Total equity increased to Rs 244.83 crore from Rs 226.23 crore, including other equity of Rs 239.46 crore, compared with Rs 220.85 crore at the financial year-end.

Current assets rose to Rs 194.53 crore from Rs 175.62 crore. Trade receivables increased to Rs 96.62 crore from Rs 72.85 crore, while inventories fell to Rs 57.29 crore from Rs 66.78 crore. Capital work in progress increased to Rs 7.10 crore from Rs 1.56 crore over the same period.

Non-current borrowings were Rs 70.63 crore at September 30, 2026, compared with Rs 63.93 crore at March 31, 2026. Current borrowings were Rs 49.21 crore, broadly unchanged from Rs 49.24 crore. Combined reported borrowings were therefore Rs 119.84 crore at September 30, compared with Rs 113.16 crore at the previous financial year-end.

Net cash generated from operating activities was Rs 51.23 crore in the half year ended September 30, 2026, compared with Rs 26.73 crore in the corresponding 2025 period. Investing activities used Rs 47.42 crore, including Rs 46.44 crore spent on property, plant and equipment, capital work in progress, capital advances and creditors for capital goods.

Financing activities used Rs 3.22 crore during the latest half year, compared with Rs 5.89 crore a year earlier. Haldyn Glass received Rs 17.77 crore in long-term term-loan proceeds and repaid Rs 9.18 crore, while cash and cash equivalents closed at Rs 2.37 crore on September 30, 2026, compared with Rs 2.16 crore a year earlier.

Conclusion

Haldyn Glass’s September 2026 standalone results show a marked gap between sales and profit growth: revenue rose about 17% year on year to Rs 135.74 crore, while profit for the period rose about 122% to Rs 9.56 crore. The half-year figures showed the same direction, with revenue increasing about 21% and profit rising about 122% from the corresponding 2025 period.

The next financial results will show whether the September-quarter profit level continues as Haldyn Glass deploys cash into property, plant and equipment and capital work in progress. The disclosed items to watch are Rs 96.62 crore of trade receivables, Rs 7.10 crore of capital work in progress and Rs 119.84 crore of combined borrowings at September 30, 2026.