Hardwyn India FY26 profit up 18%, eyes ₹1,000 crore by FY32

Key takeaway for investors

Hardwyn India Ltd (NSE: HARDWYN) has reported its highest-ever annual performance for FY26 and paired it with a long-range growth plan that aims to cross ₹1,000 crore in revenue by FY32. The company’s consolidated total income rose to ₹200.41 crore in FY26 from ₹185.37 crore in FY25, while net profit increased 17.58% year-on-year to ₹13.21 crore. Alongside the FY26 update, the company has also scheduled a board meeting on August 14, 2026 to consider and approve unaudited financial results for the quarter ended June 30, 2026 (Q1 FY2027). For market participants, the combination of record numbers, a stated growth target, and upcoming quarterly results sets the near-term agenda.

FY26 performance: record income and higher profitability

According to the reported FY26 financials, consolidated total income reached ₹200.41 crore, marking the highest annual income in the company’s history. The previous year’s total income was ₹185.37 crore, implying an 8.11% rise. Consolidated net profit for FY26 came in at ₹13.21 crore, up 17.58% from ₹11.23 crore in FY25. The company also reported consolidated revenue from operations at ₹199.86 crore for FY26, compared with ₹184.60 crore in FY25, translating into 8.27% growth.

On the standalone side, FY26 total income was reported at ₹160.59 crore versus ₹142.30 crore in FY25, a year-on-year increase of 12.85%. Standalone revenue from operations was ₹160.05 crore for FY26, up 13.06% from ₹141.56 crore in FY25. Standalone net profit rose to ₹12.71 crore, recording 18.28% growth from ₹10.75 crore in FY25. These figures indicate that profitability expanded faster than topline growth during the year.

Q4 FY26 momentum: growth across income and profit

The company’s FY26 performance was supported by a strong Q4 (quarter ended March 2026). Consolidated total income for Q4FY26 was ₹57.47 crore, compared with ₹49.22 crore in Q3FY26 and ₹46.03 crore in Q4FY25. Consolidated revenue from operations for Q4FY26 stood at ₹57.15 crore versus ₹49.08 crore in Q3FY26 and ₹45.64 crore in Q4FY25. Consolidated net profit in Q4FY26 was ₹3.42 crore, up from ₹1.64 crore in Q3FY26 and ₹1.74 crore in Q4FY25.

In a separate quarterly snapshot cited for March 2026, consolidated net sales were reported at ₹57.15 crore, up 25.22% from ₹45.64 crore in March 2025. Quarterly net profit was reported at ₹3.43 crore, up 84.22% from ₹1.86 crore in March 2025, while EBITDA stood at ₹6.04 crore compared with ₹3.37 crore a year earlier. EPS for the quarter was reported at ₹0.07, up from ₹0.04 in March 2025.

Roadmap to FY32: ₹1,000 crore revenue target

Hardwyn has outlined a strategic roadmap that targets surpassing ₹1,000 crore in revenue by FY32. The company described this as a seven-pillar growth framework aimed at long-term value creation, with a targeted annual growth rate of 30-35% over the next six years. The pillars mentioned include market expansion, product innovation, operational efficiency, digital transformation, sustainability initiatives, customer acquisition, and margin enhancement.

The roadmap, as presented, signals the company’s intention to scale beyond its current revenue base while widening reach across residential, commercial, and institutional segments. While the FY26 numbers show steady growth, the FY32 target meaningfully increases the importance of execution and consistency across product and distribution initiatives. Investors will likely track whether quarterly performance stays aligned with the growth framework and margin enhancement priorities.

Board meeting on August 14, 2026: Q1 FY2027 results in focus

Hardwyn has informed stock exchanges that a board meeting is scheduled for Friday, August 14, 2026. The primary agenda is to consider and approve the unaudited financial results for the quarter ended June 30, 2026 (Q1 FY2027). The company also indicated that the board may take up other matters as decided by the Board of Directors.

For investors, this date becomes the next formal checkpoint after FY26 results, especially given the company’s stated FY32 revenue ambition. The Q1 FY27 update will also provide a read on demand trends after the strong March quarter reported for FY26.

Trading window closure: compliance update for insiders

The company said the trading window for dealing in its securities by insiders remains closed. The closure period is from Wednesday, July 1, 2026 until 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. The intimation continues an earlier communication dated June 26, 2026.

Such closures are standard practice around results and are designed to ensure compliance and reduce the risk of trading based on unpublished price-sensitive information. For the market, it also reinforces the timeline around the August 14 board meeting.

Bonus issue proposal: 2 for every 5 shares

Hardwyn informed exchanges that the Board of Directors, at its meeting held on June 5, 2026, considered and approved a bonus issue in the ratio of 2:5. This means two equity shares for every five equity shares held, subject to shareholder and regulatory approvals. The proposal also includes an increase in authorised share capital to facilitate the issue.

The company noted that bonus shares increase the number of outstanding shares without changing the intrinsic value of shareholders’ holdings at the time of allotment. Shareholders typically track timelines and record dates once the required approvals are in place.

Other disclosed updates: preferential issue withdrawal and compliance filing

The company also disclosed that its board approved Q3 results and withdrew its preferential issue application. The withdrawn application related to a preferential issue of 25,376,751 equity shares that was originally filed on October 18, 2025. In another compliance update, Hardwyn submitted a certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026.

Separately, it had informed exchanges about the publication of unaudited standalone and consolidated financial results for the first quarter of FY26 (quarter ended June 30, 2025), which were approved in a board meeting held on August 13, 2025.

Stock snapshot: recent price points and returns cited

Market data points included in the disclosures show Hardwyn shares closed at ₹25.44 on June 1, 2026 (NSE). The same update cited returns of 48.51% over the last six months and 78.15% over the last 12 months. Another price snapshot showed ₹24.63, down 0.65 or 2.57%, and ₹24.67, down 0.58 or 2.30%, both dated June 23, 2026. These points indicate that the stock has seen strong trailing returns, alongside day-to-day volatility around corporate updates and market conditions.

Summary table: FY26 and Q4FY26 headline numbers (₹ crore)

Key dates and corporate actions to track

Company profile details disclosed

Hardwyn India’s disclosed address includes B-101, Phase - 1, Mayapuri, New Delhi, Delhi 110064. The company’s website is listed as http://www.hardwyn.com, and an email contact provided is rubal.sayal@hardwyn.com. Key management names disclosed include Swaran Jeet Singh Sayal (Chairperson & Executive Director), Rubaljeet Singh Sayal (Managing Director & CFO), and Tanya Sayal (Non Exe. Non Ind. Director).

What to watch next

The immediate trigger is the August 14, 2026 board meeting for Q1 FY27 unaudited results, which will be the first quarterly checkpoint after the record FY26. Separately, investors will track the next steps on the 2:5 bonus issue, which remains subject to approvals and related process timelines. Over the medium term, updates that indicate progress on the company’s seven-pillar strategy will matter, given the stated objective to surpass ₹1,000 crore in revenue by FY32.