Hindusthan Insulators Q2FY27: ₹55 cr profit, 148% sales

Result snapshot: profit turns positive in Q2FY27

Hindusthan Insulators & Industries Limited (HIIL), formerly Hindusthan Urban Infrastructure Limited, reported a net profit of ₹55.4 crore for the quarter ended September 30, 2026 (Q2FY27). The quarter marked a sharp turnaround from a net loss of ₹43.3 crore in Q2FY26. The company’s unaudited standalone financial results were approved by the Board of Directors on October 3, 2026. The turnaround was supported by a steep rise in revenue and improved operating performance compared with the year-ago quarter. The filing also shows a stronger half-year performance, with profitability maintained across H1FY27.

Revenue surge: operations cross ₹171 crore

Revenue from operations increased to about ₹171.4 crore in Q2FY27, compared with ₹69.2 crore in Q2FY26, a year-on-year rise of about 148%. In the detailed financials, total revenue from operations was reported at ₹172.06 crore versus ₹69.68 crore in the corresponding quarter of the previous year, implying growth of over 146%. The company also reported Q2FY27 revenue from operations of ₹171.35 crore, up from ₹115.37 crore in the preceding quarter ended June 30, 2026 (Q1FY27). Total income in Q2FY27 stood at ₹175.51 crore, higher than ₹71.84 crore in Q2FY26 and ₹118.77 crore in Q1FY27. HIIL attributed the performance to strong revenue growth in the High Tension Insulators segment.

Profitability metrics: PBT flips from loss to profit

Profit before tax (PBT) for Q2FY27 came in at ₹74.01 crore. This compares with a loss before tax of ₹42.46 crore in Q2FY26, a quarter that included exceptional losses of ₹46.30 crore. Net profit for Q2FY27 was ₹55.37 crore, versus a net loss of ₹43.30 crore in Q2FY26. The net margin was reported at 32.31% of revenue, compared with -62.58% a year earlier. Separately, the company noted that revenue rose 147.7% while total expenses increased 49.3% in Q2FY27, indicating a sharper rise in topline than costs.

EPS improves sharply in Q2FY27

Earnings per share (EPS) improved materially alongside the return to profitability. Basic and diluted EPS for Q2FY27 was ₹25.58 per share (face value ₹2 each). This compares with a negative EPS of ₹20.01 in Q2FY26 and ₹16.92 in Q1FY27. The sequential improvement also reflects the increase in revenue between Q1FY27 and Q2FY27.

Half-year performance: ₹92 crore profit in H1FY27

For the half year ended September 30, 2026 (H1FY27), HIIL reported a net profit of ₹92.0 crore, compared with a half-year loss of ₹43.5 crore in H1FY26. Total revenue from operations for H1FY27 was ₹288.08 crore, more than double the ₹134.18 crore recorded in H1FY26. With other income of ₹6.20 crore, total income for H1FY27 reached ₹294.28 crore, compared with ₹137.71 crore in H1FY26. These figures position H1FY27 as a clear recovery period versus the previous year.

Cash flow and balance sheet: OCF rises, receivables also climb

Operating cash flow turned positive at ₹70.7 crore for H1FY27, compared with ₹5.3 crore in H1FY26. At the same time, trade receivables increased to ₹85.2 crore as on September 30, 2026, from ₹50.2 crore as on March 31, 2026. The combination of higher operating cash flow and higher receivables indicates that collections and working capital movement will remain a key item to track. The company’s results release specifically highlighted both metrics.

Key numbers table: Q2FY27 vs Q2FY26 (standalone)

Working capital indicators: H1 cash flow and receivables

Market impact: what the numbers signal

For investors tracking turnarounds, the key change in this quarter is the swing from losses to profit alongside a sharp jump in revenue. The reported net margin moving to 32.31% from negative territory a year earlier is a direct indicator of improved operating performance. The data also highlights that while revenue rose at a much faster pace, expenses increased as well, rising 49.3% year-on-year in Q2FY27. The movement in receivables is also relevant because it affects cash conversion even when reported profits are strong. Meanwhile, the increase in operating cash flow in H1FY27 provides a supportive data point for the quality of earnings over the half year.

Why this quarter matters: context from Q1FY27

In the board-approved results for the quarter ended June 30, 2026 (Q1FY27), HIIL had already reported a return to profitability. The company reported Q1FY27 net profit of ₹36.62 crore, compared with a net loss of ₹0.18 crore in Q1FY26. Revenue from operations in Q1FY27 was ₹115.37 crore, up 80.8% year-on-year. Q2FY27 extends that trend with higher revenue and a larger quarterly profit. Taken together, the Q1 and Q2 data points show a sustained improvement across the first half of FY27.

Conclusion: board-approved results underline H1 recovery

HIIL’s Q2FY27 results show a clear year-on-year turnaround, with net profit of about ₹55.4 crore and revenue from operations around ₹171-₹172 crore. For H1FY27, the company reported a net profit of ₹92.0 crore, supported by revenue from operations of ₹288.08 crore and positive operating cash flow of ₹70.7 crore. At the same time, trade receivables rose to ₹85.2 crore as of September 30, 2026, making working capital an important monitorable alongside profitability. The unaudited financial results were approved by the board on October 3, 2026, setting the base for subsequent quarterly disclosures.