Hindprakash Industries Q2 profit doubles as revenue rises 20%

Hindprakash Industries Limited reported revenue from operations of Rs 37.48 crore for the quarter ended September 30, 2026, up 19.6% year-on-year, while net profit after tax rose 143.7% to Rs 33.92 lakh. The profit result was lower than the Rs 86.09 lakh recorded in the preceding June 2026 quarter.

How did Hindprakash Industries perform in the September 2026 quarter?

Hindprakash Industries increased September-quarter revenue and year-on-year profit, reporting Rs 37.48 crore in revenue from operations and Rs 33.92 lakh in net profit after tax. Revenue was Rs 31.33 crore in the quarter ended September 30, 2025, while net profit after tax was Rs 13.92 lakh. The standalone results for the September 2026 quarter were unaudited.

Total income, which includes other income, rose to Rs 39.07 crore from Rs 31.98 crore in the year-earlier quarter. Other income was Rs 1.59 crore, compared with Rs 65.06 lakh a year earlier. Total expenses increased to Rs 38.61 crore from Rs 31.79 crore, leaving profit before tax of Rs 46.37 lakh against Rs 19.68 lakh.

Basic and diluted earnings per share were each Rs 0.30 for the quarter ended September 30, 2026, compared with Rs 0.12 in the corresponding quarter of 2025. Total comprehensive income after tax was Rs 35.14 lakh, including other comprehensive income of Rs 1.22 lakh. Hindprakash Industries reported no exceptional item in the September 2026 quarter or the year-earlier quarter.

What drove Hindprakash Industries’ year-on-year profit increase?

Hindprakash Industries’ pre-tax profit increased because its Rs 7.09 crore year-on-year rise in total income exceeded the Rs 6.82 crore increase in total expenses. Revenue from operations rose by Rs 6.15 crore, and other income increased by Rs 93.47 lakh. The filing does not provide a management explanation for the movement in sales or income.

Cost of materials consumed declined to Rs 10.28 crore in the September 2026 quarter from Rs 13.72 crore a year earlier. That reduction was offset in part by purchase of stock-in-trade, which increased to Rs 18.30 crore from Rs 11.98 crore. Changes in inventories of finished goods, work-in-progress and stock-in-trade were Rs 4.75 crore, compared with Rs 2.36 crore in the September 2025 quarter.

Other reported costs also rose. Finance costs increased to Rs 1.15 crore from Rs 78.96 lakh, employee benefit expense rose to Rs 1.42 crore from Rs 1.32 crore, and other expenses increased to Rs 2.60 crore from Rs 1.52 crore. Depreciation and amortisation expense was Rs 10.65 lakh, compared with Rs 10.45 lakh a year earlier.

Why did Hindprakash Industries’ profit fall from the June 2026 quarter?

Hindprakash Industries’ net profit after tax fell to Rs 33.92 lakh from Rs 86.09 lakh in the June 2026 quarter because pre-tax profit declined and the tax result moved from a credit to an expense. The sequential net-profit decrease was Rs 52.17 lakh, although revenue from operations rose by Rs 10.91 crore from Rs 26.57 crore in June.

Profit before tax was Rs 46.37 lakh in the September quarter, compared with Rs 64.08 lakh in the preceding quarter. Total income increased to Rs 39.07 crore from Rs 31.14 crore, but total expenses rose by a larger Rs 8.12 crore to Rs 38.61 crore from Rs 30.49 crore. This reduced the difference between total income and expenses from Rs 64.08 lakh to Rs 46.37 lakh.

The September quarter recorded total tax expense of Rs 12.45 lakh, while the June quarter reported a total tax credit of Rs 22.01 lakh. September included a deferred-tax charge of Rs 12.45 lakh. June included current tax of Rs 50.77 lakh and a deferred-tax credit of Rs 72.78 lakh, producing the reported total tax credit.

What were Hindprakash Industries’ half-year results to September 2026?

Hindprakash Industries reported half-year revenue from operations of Rs 64.06 crore for the six months ended September 30, 2026, up from Rs 61.49 crore in the corresponding 2025 period. The increase was Rs 2.57 crore, or 4.2%, which was below the 19.6% revenue growth reported in the September quarter alone.

Net profit after tax for the half year was Rs 1.20 crore, compared with Rs 23.70 lakh in the half year ended September 30, 2025. Profit before tax rose to Rs 1.10 crore from Rs 33.77 lakh. Basic and diluted earnings per share for the six months were each Rs 1.05, compared with Rs 0.21 in the prior-year period.

Total income for the half year increased to Rs 70.20 crore from Rs 62.86 crore, while total expenses rose to Rs 69.10 crore from Rs 62.52 crore. The half-year tax outcome was a credit of Rs 9.56 lakh, compared with tax expense of Rs 10.07 lakh a year earlier. Total comprehensive income was Rs 1.22 crore, against Rs 21.01 lakh in the corresponding half year.

Were Hindprakash Industries’ September 2026 results audited?

Hindprakash Industries’ September 2026 standalone results were unaudited and were subject to a limited review by KKAK&CO, Chartered Accountants. The board approved the results at its November 6, 2026 meeting, which commenced at 12:30 p.m. and ended at 1:10 p.m.

KKAK&CO conducted the review under Standard on Review Engagements 2410, covering the quarter ended September 30, 2026 and the period from April 1 to September 30, 2026. The auditor stated that a review is substantially less extensive than an audit and does not express an audit opinion. Its review report was dated November 6, 2026.

Conclusion

Hindprakash Industries converted a 19.6% year-on-year rise in September-quarter revenue into a 143.7% increase in net profit, with profit before tax rising to Rs 46.37 lakh from Rs 19.68 lakh. The sequential comparison was different: higher revenue was accompanied by a larger rise in expenses and a shift from a tax credit to a tax expense, reducing net profit from Rs 86.09 lakh in June.

The filing does not disclose a forward plan, target, or scheduled future event. The unresolved items to watch in later disclosures are whether revenue growth continues after the Rs 64.06 crore half-year result and how stock-in-trade purchases, inventory changes, finance costs and deferred-tax movements affect profit after tax.