Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half-Year ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Dividend Declaration
Date of Board Meeting / Approval: November 14, 2026 (2:45 PM to 6:00 PM IST)
Audit Opinion: Standalone - Clean; Consolidated - Disclaimer of Conclusion
Auditor's Comment: Disclaimer on consolidated results due to material subsidiary HLFL's system reconciliation issues affecting ₹70,403.39 crore assets
Key Financial Highlights [₹ Crores]
Standalone Results:
Revenue from Operations: Q2 FY27: ₹13,364.28 (vs Q2 FY26: ₹9,588.18, +39.4% YoY); H1 FY27: ₹22,998.63 (vs H1 FY26: ₹18,312.69, +25.6% YoY)
Total Income: Q2 FY27: ₹13,429.22; H1 FY27: ₹23,148.67
Net Profit: Q2 FY27: ₹869.02 (vs Q2 FY26: ₹771.06, +12.7% YoY); H1 FY27: ₹1,478.12 (vs H1 FY26: ₹1,364.79, +8.3% YoY)
EPS: Q2 FY27: ₹1.48; H1 FY27: ₹2.52
Other Equity: ₹12,507.91 as of September 30, 2026
Cash and Cash Equivalents: ₹431.69 as of September 30, 2026 (vs ₹2,031.09 as of March 31, 2026)
Debt: Short-term: ₹402.73; Long-term: ₹736.25; Total: ₹1,139.51 as of September 30, 2026
Consolidated Results:
Revenue from Operations: Q2 FY27: ₹17,029.87; H1 FY27: ₹30,099.46
Net Profit: Q2 FY27: ₹891.45; H1 FY27: ₹1,559.22
Attribution: Owners: Q2 FY27: ₹842.92; H1 FY27: ₹1,458.73; Non-controlling: Q2 FY27: ₹48.53; H1 FY27: ₹100.49
EPS: Q2 FY27: ₹1.43; H1 FY27: ₹2.48
Segment-wise Performance:
Commercial Vehicle Segment:
Segment Profit before Interest and Tax: Q2 FY27: ₹1,084.26; H1 FY27: ₹1,786.12
Segment Assets: ₹28,052.71 as of September 30, 2026
Financial Services Segment:
Segment Profit before Interest and Tax: Q2 FY27: ₹153.27; H1 FY27: ₹325.14
Segment Assets: ₹70,431.70 as of September 30, 2026
Corporate Actions:
Dividend: Interim dividend of ₹1 per equity share (100% on face value of ₹1 each) declared for FY26-27
Record Date: November 20, 2026
Payment Date: On or before December 13, 2026
Subsidiary Matters:
1. HLFL-NVL Merger: NCLT sanctioned merger scheme with appointed date April 1, 2026. HLFL shareholders to receive 25 NDL shares for every 10 HLFL shares
2. HLFL System Reconciliation: Subsidiary reconciling differences in loan balances between subsystems. Impact not ascertainable. Independent systems expert engaged for comprehensive review
3. HHFL PBC Ratio: Hinduja Housing Finance's Principal Business Criteria ratio declined to 59.11% from 62.91% due to loan reclassification. Corrective action plan being formulated
Legal Matters:
DTC Arbitration: Claims filed against Delhi Transport Corporation partially allowed by Arbitral Tribunal. Both parties have challenged aspects. No receivable/income recognized pending final adjudication
Environmental Compliance:
ELV Rules: Environment Protection (End-of-Life Vehicles) Rules, 2025 effective from April 1, 2025. Company evaluating business models to comply with EPR certificate requirements
Debt Security:
7.30% NCD series AL 2027: Security cover ratio of 1.20 as of September 30, 2026 (stipulated limit: 1.20). Next principal payment of ₹200 crores due March 17, 2027
7.50% NCD: ₹300 crores raised on August 10, 2026 through private placement, fully utilized as per stated objectives
Other Significant Information:
Operational Highlights:
- Commercial vehicle volumes: 64,677 units (up 32% YoY)
- MHCV volumes: 37,958 units (up 44% YoY), market share 31.5% (gain of 1.5%)
- LCV volumes: 21,371 units (up 21% YoY), market share 13.6% (gain of 0.3%)
- Export volumes: 5,102 units (up 7% YoY)
- Net cash position: ₹3,546 crores (vs ₹990 crores same period last year)
Product Launches:
New offerings introduced across Tipper, Bus, Haulage and LCV segments during the quarter
Distribution Network:
Accelerated expansion ahead of plan, enhancing market reach and customer accessibility
Notes:
- Exceptional Items: Q2 FY26 included ₹40 crores provision for litigation
- Segment Reporting: Company has two reportable segments - Commercial Vehicle and Financial Services
- Ratio Calculations: Provided detailed formulae for all financial ratios in notes
- Previous Year Figures: Reclassified/regrouped wherever necessary