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HPIL Q1 PAT Rises to ₹0.86 Cr YoY; Core Revenue Declines 12% to ₹26.57 Cr
Hindprakash Industries Limited (HPIL) reported a significant YoY increase in Net Profit to ₹0.86 Cr for Q1 FY27, compared to ₹0.10 Cr in Q1 FY26, though this was largely driven by non-operational factors. Revenue from operations declined 11.9% YoY to ₹26.57 Cr, and the company reported an operating loss as total expenses of ₹30.49 Cr exceeded core revenue. The bottom line was supported by a sharp spike in 'Other Income' to ₹4.56 Cr (up from ₹0.72 Cr YoY) and a deferred tax credit of ₹0.73 Cr. Despite the profit growth, the core dyes and pigments business remains under pressure with declining sequential and annual revenue.
high confidence
What changedThe company transitioned from a marginal profit in the previous year's quarter to a higher net profit, but this was achieved through non-operating income rather than core business growth.
Why it mattersFor a micro-cap company with a high P/E of 87.9, the contraction in core revenue is a concern, as the current valuation likely factors in significant operational scaling that is not yet visible in the Q1 results.
Revenue from Operations: ₹26.57 CrNet Profit: ₹0.86 CrOther Income: ₹4.56 CrRevenue vs TTM Revenue: 26.57%Other Income vs Total Income: 14.65%
📅 Short termThe headline profit growth may provide temporary support, but the lack of operational revenue growth and high expenses relative to sales suggest a cautious outlook over the coming weeks.
📈 Long termThe long-term trajectory depends entirely on diversifying into the retail adhesive market to reduce dependency on the volatile and low-margin industrial chemical landscape.
⚠ Risk flags
High reliance on non-operational income for profitability
Declining core revenue (YoY and QoQ)
Thin operating margins with expenses exceeding core sales
👀 What to Watch
Investors should monitor the source of 'Other Income' to determine if it is recurring and track the operationalization of the new adhesives division, which is critical for the company's target to reach ₹250 Cr revenue.
HPIL FY26 Net Profit Surges 67% to ₹2.75 Cr; Annual Revenue Up 13% YoY
Hindprakash Industries Limited (HPIL) reported a robust financial performance for the fiscal year ended March 31, 2026, with net profit rising 67% to ₹274.64 lakhs. Annual revenue from operations grew by 13% to reach ₹11,505.93 lakhs compared to the previous year. While Q4 revenue saw a year-on-year decline to ₹3,080.13 lakhs, the quarterly net profit jumped significantly to ₹207.47 lakhs from ₹43.46 lakhs in the same period last year. The company also confirmed the appointment of M/s. A.G Tulsian & Co. as Cost Auditors for FY 2026-27.
Key Highlights
Full-year Net Profit increased by 67% YoY to ₹274.64 lakhs in FY26.Annual Revenue from Operations grew 13% to ₹11,505.93 lakhs from ₹10,181.60 lakhs in FY25.Basic and Diluted EPS improved to ₹2.40 for FY26, up from ₹1.44 in the previous year.Q4 FY26 Net Profit stood at ₹207.47 lakhs, a nearly five-fold increase over Q4 FY25.Board approved the appointment of M/s. A.G Tulsian & Co. as Cost Auditor for the financial year 2026-27.
👀 What to Watch
Investors should view the significant bottom-line growth and EPS improvement as a positive sign of operational efficiency. The stock may see positive momentum following the strong annual profit growth despite the quarterly revenue volatility.
HPIL Shareholders Approve Sale of Entire Company Undertaking with 99.8% Majority
Hindprakash Industries Limited (HPIL) has received shareholder approval to sell, transfer, or dispose of its entire undertaking. The special resolution was passed with an overwhelming 99.80% of the votes cast in favor, indicating strong support from both promoters and public shareholders. A total of 84.88 lakh votes were polled, representing a 74.30% turnout of the total 1.14 crore shares. This decision marks a major strategic shift for the company, potentially leading to a complete divestment of its current operations.
Key Highlights
Special resolution passed to sell or dispose of the company's entire unit/undertakingResolution received 99.80% approval (84,71,847 votes) from the total votes polledTotal voter turnout stood at 74.30% of the 1,14,24,110 total sharesPromoters voted 100% in favor of the resolution with 77.39 lakh votesPublic non-institutional shareholders backed the move with 97.75% support
👀 What to Watch
Investors should await details on the sale valuation and the company's plan for the sale proceeds, whether for a new business line or distribution to shareholders.
Hindprakash Industries Limited (HPIL) has issued a postal ballot notice seeking shareholder approval to sell or dispose of its industrial undertaking in Bharuch, Gujarat. The asset involves 38,433.534 sq. mts. of non-agricultural land and buildings located at the Saykha Industrial Estate. The company intends to execute the sale at a consideration not lower than the valuation provided by a registered valuer. The e-voting period for this special resolution is scheduled from March 23 to April 21, 2026.
Key Highlights
Proposed disposal of 38,433.534 sq. mts. of land and building at Saykha Industrial Estate, GIDC.Special Resolution sought under Section 180(1)(a) of the Companies Act for sale of an undertaking.Sale consideration guaranteed to be at least the value determined by a registered valuer.Remote e-voting period set for March 23, 2026, through April 21, 2026.
👀 What to Watch
Investors should monitor the final sale price and the company's plans for the proceeds, specifically whether they will be used for debt reduction or expansion into other segments.
Hindprakash Industries to Sell Saykha Unit with Negative Net Worth of ₹3.74 Cr
Hindprakash Industries Limited (HPIL) has received board approval to sell its industrial unit located at Saykha Industrial Estate in Gujarat. The unit is a minor part of the company's operations, contributing only 0.64% (₹64.44 lakhs) to the total revenue in FY25. Notably, the unit had a negative net worth of ₹3.74 crore, making this disposal a strategic move to exit an underperforming asset. The proceeds will be utilized for debt repayment and working capital, which is expected to strengthen the company's liquidity and balance sheet.
Key Highlights
Board approved the sale of the Saykha Industrial Estate unit to a non-related third party.The unit contributed only ₹64.44 lakhs (0.64%) to the company's total revenue in FY25.The undertaking had a negative net worth of ₹3.74 crore as of March 31, 2025.Proceeds will be used for debt repayment, working capital, and general corporate purposes.The sale price will be determined based on a Registered Valuer's report and requires shareholder approval.
👀 What to Watch
Investors should view this as a positive step towards streamlining operations and improving liquidity by offloading a negative net worth asset. Monitor the final sale value and the subsequent impact on the company's debt-to-equity ratio.
HPIL Q3 PAT Jumps 44% YoY to ₹43.46 Lakhs; 9M Profit Declines 45%
Hindprakash Industries Limited (HPIL) reported a 44.2% year-on-year increase in net profit for Q3 FY26, reaching ₹43.46 Lakhs. While quarterly revenue grew 11.3% YoY to ₹2,277.18 Lakhs, it saw a sharp sequential decline of 27.3% from Q2. The nine-month (9M) performance remains under pressure with PAT falling 45.1% to ₹67.18 Lakhs compared to the previous year, largely due to a significant rise in purchase costs and material expenses. The company's EPS for the quarter improved to ₹0.38 from ₹0.26 in the year-ago period.
Key Highlights
Revenue from operations for Q3 FY26 stood at ₹2,277.18 Lakhs, up 11.3% YoY but down 27.3% QoQ.Net Profit for the quarter rose to ₹43.46 Lakhs compared to ₹30.14 Lakhs in Q3 FY25.9M FY26 Net Profit dropped to ₹67.18 Lakhs from ₹122.36 Lakhs in 9M FY25, a 45.1% decline.Total expenses for the nine-month period surged to ₹8,586.73 Lakhs from ₹6,370.44 Lakhs YoY.Basic and Diluted EPS for the quarter ended December 31, 2025, was ₹0.38.
👀 What to Watch
Investors should exercise caution as the significant 9M profit decline suggests margin pressure despite revenue growth. Monitor the company's ability to stabilize raw material costs and sequential revenue volatility in upcoming quarters.
⚠️How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI
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