Hardcastle & Waud Mfg Co delivered impressive financial results for the quarter ended June 2026, with net profit rising 38.7% to ₹106.92 lakh compared to ₹77.07 lakh in the corresponding quarter of the previous year. The company's earnings per share (EPS) increased 38.80% to ₹15.74 from ₹11.34 in Q1 FY2026, demonstrating strong operational efficiency and market performance during the quarter. According to the latest financial results approved by the Board of Directors on August 5, 2026, this significant profit growth reflects improved operational efficiency and higher income generation across key business verticals.
The company's revenue from operations increased 23.98% to ₹240.91 lakh in Q1 FY2027, up from ₹194.32 lakh in the same period last year. This revenue growth was primarily driven by robust performance in the trading and investments segments, with the trading segment showing exceptional growth of 75.55% to ₹75.80 lakh and segment profits rising sharply to ₹20.33 lakh from ₹5.81 lakh. The investments segment also contributed significantly, with segment revenue growing 12.99% to ₹107.24 lakh and contributing ₹101.54 lakh to segment results. As reported by the company, this performance reflects strong demand for the company's products and effective market positioning during the quarter.
The company demonstrated remarkable cost discipline with total expenses increasing only 18.56% to ₹120.34 lakh while revenue grew nearly 24%, resulting in improved profitability metrics. A notable divergence exists between revenue growth and expense management, with the profit before tax margin expanding significantly due to strategic cost optimization. The company achieved a 46% reduction in legal and professional fees to ₹6.58 lakh from ₹12.27 lakh in the previous year, while employee benefit expenses rose to ₹14.17 lakh from ₹12.30 lakh. This cost discipline, combined with the investments segment remaining the primary profit driver, contributed to the disproportionately higher growth in net profit compared to revenue growth.
The investments segment emerged as the primary profit driver, contributing ₹101.54 lakh to segment results compared to ₹94.91 lakh in Q1 FY2026. The trading segment showed exceptional performance with revenue growth of 75.55% to ₹75.80 lakh and segment profits rising sharply to ₹20.33 lakh from ₹5.81 lakh. The leasing segment remained stable with revenue at ₹57.87 lakh and segment profits at ₹32.04 lakh. Total segment assets increased to ₹5,499.21 lakh from ₹5,014.64 lakh, primarily due to an increase in investment assets to ₹3,227.23 lakh from ₹2,755.93 lakh. The company's paid-up equity share capital remained unchanged at ₹67.95 lakh during the quarter.
The company's profit before tax increased 27.33% to ₹132.83 lakh in Q1 FY2027, compared to ₹104.32 lakh in the corresponding quarter of the previous year. Total income grew 22.99% to ₹253.17 lakh from ₹205.82 lakh in Q1 FY2026. The operating profit margin (OPM) improved to 58.51% in Q1 FY2026, compared to 57.22% in the corresponding quarter of the previous year. Other comprehensive income, net of tax, dropped significantly to ₹5.71 lakh from ₹42.26 lakh in the prior year, with total comprehensive income for the quarter at ₹112.63 lakh. The financial results were reviewed by the Audit Committee on August 5, 2026, with Desai Saksena & Associates issuing a limited review report confirming compliance with SEBI regulations.
