Detailed Summary

Key Decisions and Approvals

1. Financial Results Approval: The Board approved the Un-audited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September 2026. This includes:

  • Segment-wise Revenue, Results, Assets, and Liabilities.
  • Statement of Assets and Liabilities.
  • Cash Flow Statement for the half year.

The results were recommended by the Audit Committee in its meeting held on the same date (13th November 2026) and are accompanied by the Limited Review Report of the Statutory Auditors. The signed results and review reports are enclosed as Annexure-I.

2. Management Appointments: Based on the recommendations of the Nomination and Remuneration Committee (and Audit Committee for the CFO), the Board approved the following appointments, all effective from 13th November 2026:

  • Mr. Nitesh Raj as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP). He was previously the Business Head – Consumer Business and a Senior Management Personnel (SMP).
  • Mr. Amit Bali as Chief Financial Officer (CFO) and KMP. He was previously the Finance Controller and an SMP.
  • Mr. Kushal Jain (ICSI Membership No.: A37234) as Company Secretary, Compliance Officer, and KMP. He will also be categorized as an SMP.

Detailed profiles and requisite information as per the SEBI Master Circular are provided in Annexures II, III, and IV, respectively.

Financial Results Overview (Consolidated - H1 FY27 vs H1 FY26)

  • Total Income: ₹1,400.84 crore (vs ₹1,220.30 crore in H1 FY26)
  • Revenue from Operations: ₹1,396.07 crore (vs ₹1,207.47 crore)
  • Profit Before Tax (Before Exceptional Items): ₹15.32 crore (vs ₹23.68 crore)
  • Profit Before Tax (After Exceptional Items): ₹16.15 crore (vs a loss of ₹25.20 crore)
  • Net Profit/(Loss) for the Period (After Tax, MI & JV): ₹10.89 crore (vs a loss of ₹24.13 crore)
  • EBITDA (from continuing operations): ₹109.87 crore (vs ₹117.99 crore)
  • Earnings Per Share (Basic - Continuing & Discontinued, ₹2 face value): ₹1.31 (vs loss of ₹2.89)

Financial Results Overview (Standalone - H1 FY27 vs H1 FY26)

  • Total Income: ₹179.60 crore (vs ₹172.50 crore)
  • Revenue from Operations: ₹168.25 crore (vs ₹155.35 crore)
  • Profit/(Loss) Before Tax: ₹1.27 crore (vs a loss of ₹41.15 crore)
  • Net Profit/(Loss) for the Period: ₹0.61 crore (vs a loss of ₹28.08 crore)
  • Earnings Per Share (Basic - Continuing & Discontinued, ₹2 face value): ₹0.08 (vs loss of ₹3.34)

Segment-wise Performance (Consolidated - H1 FY27)

  • Building Products: Revenue of ₹1,207.35 crore; Segment Profit of ₹51.81 crore.
  • Consumer Appliances Business: Revenue of ₹189.00 crore; Segment Loss of ₹1.38 crore.

Notes to the Financial Results

1. Composite Scheme of Arrangement: The Board had approved a Composite Scheme on 27 March 2025 for (i) demerger of the Consumer Products Business into HHIL Limited and (ii) amalgamation of the remaining company into Hindware Limited. The NCLT, Kolkata Bench, sanctioned the scheme on 14 October 2026, and the certified copy was received on 6 November 2026. As the scheme is not yet effective (pending filing with ROC), these financial results do not give effect to it.

2. Hintastica Private Limited (HPL): This 50:50 joint venture became a subsidiary on 4th June 2026 and a wholly-owned subsidiary on 30th June 2026. An independent valuation led to an impairment loss reversal of ₹0.83 crore (Consolidated) and an impairment loss of ₹0.14 crore (Standalone), booked under "Exceptional Items" for the quarter ended 30th June 2026.

3. Auditor's Review: The statutory auditors, Lodha & Co LLP, have issued a limited review report stating that nothing has come to their attention to believe the statements contain any material misstatement. Their review of 5 subsidiaries was based on management-certified information due to immateriality.

Capital Structure

  • Paid-up Equity Share Capital: ₹16.73 crore (face value ₹2 per share), unchanged from previous periods.

Enclosures

  • Annexure-I: Unaudited Financial Results and Limited Review Reports.
  • Annexure-II: Details for appointment of Mr. Nitesh Raj (CEO).
  • Annexure-III: Details for appointment of Mr. Amit Bali (CFO).
  • Annexure-IV: Details for appointment of Mr. Kushal Jain (Company Secretary).