Haldyn Glass Q2 Results: Net Profit Surges 88% YoY to ₹12.8 Crore as Margins Expand

Key numbers

Market Cap	₹708.18 CrSmall Cap
P/E Ratio	23.89Sector PE 46.45
RSI	44.56Neutral Zone
1Yr Return	37.14%Price Performance

Key highlights

• Net profit surged to ₹12.8 crore, up 88.2% from ₹6.8 crore in the same quarter last year
• Revenue from operations grew 20.7% year-on-year to reach ₹140 crore
• Operating margins expanded to 11.4% from 7.0% in Q2 FY26
• Sequential net profit growth stood at 24.3% compared to ₹10.3 crore in Q1 FY27
• Promoter holding remains stable at 59.14% with no pledged shares

Operational Performance and Profitability Surge

Haldyn Glass delivered a strong financial performance in Q2 FY27, with revenue from operations rising to ₹140 crore. The 20.7% year-on-year revenue growth combined with improved cost efficiencies led to a substantial bottom-line boost, as net profit reached ₹12.8 crore. This growth is particularly notable as it comes despite a significant decrease in other income, which fell to ₹1.3 crore from ₹4.3 crore in the year-ago period.

The company's focus on operational excellence is reflected in its expanded operating margin of 11.4%, a sharp increase from the 7.0% recorded in the same quarter last year.

Key Financial Metrics for Q2 FY27

• Revenue from operations grew to ₹140 crore against ₹116 crore in Q2-26
• Total income stood at ₹141 crore, up from ₹120 crore year-on-year
• Profit before tax reached ₹16.1 crore, marking a 91.7% increase from ₹8.4 crore in Q2-26
• Operating margin improved sequentially from 9.7% in Q1-27 to 11.4%
• The company maintains a healthy Piotroski Score of 7, indicating robust financial strength

Capacity Expansion and Modernisation Roadmap

Following a board approval on August 03, 2026, Haldyn Glass is moving forward with a ₹150 crore capital expenditure plan. This investment is aimed at rebuilding, modernising, and expanding the company's glass manufacturing capacity by approximately 75 tonnes per day over a 12-month period. This strategic move is expected to enhance production capabilities and drive future revenue growth.

Furthermore, the company's associate, Haldyn Heinz Fine Glass, recently committed to acquiring a stake in Jamnagar Renewables Two Private Limited to secure renewable power, aligning with long-term sustainability goals.

What to watch next

• Completion of the ₹150 crore manufacturing capacity expansion by August 2027
• Operationalisation of 75 tonnes per day additional glass manufacturing capacity
• Impact of renewable energy integration through the associate's investment in Jamnagar Renewables

Haldyn Glass · financial snapshot

Share price	₹131.75
Market capitalisation	₹708.18 Cr
Revenue (annual)	₹463.67 Cr
Net profit (annual)	₹24.77 Cr
Revenue (latest quarter)	₹138.69 Cr+28.13% vs previous quarter
Net profit (latest quarter)	₹10.26 Cr+40.36% vs previous quarter
P/E (TTM)	23.89×Sector 46.45×
Promoter holding	59.14%0.00% QoQ
FII holding	0.09%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.