| P/E vs Sector P/E | 38.6 / 40.0TTM Basis |
|---|---|
| Promoter Holding | 75.0%Nil Pledged |
| RSI (14-Day) | 96.9Overbought |
| 1-Year Return | 251.6%Strong Performer |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 172 | 116 | 69.7 |
| Other Income | 3.5 | 2.7 | 2.2 |
| Total Income | 176 | 119 | 71.8 |
| Profit Before Tax | 74.0 | 42.1 | -42.5 |
| Exceptional Items | 0.0 | 0.0 | -46.3 |
| Net Profit | 55.4 | 36.6 | -43.3 |
| Operating Margin | 42.2% | 35.4% | -59.2% |
| Net Profit QoQ | +51.4% | ||
| Net Profit YoY | +227.9% | ||
| Adj. Profit QoQ | +78.9% | ||
| Adj. Profit YoY | +4,306.3% | ||
Key highlights
- Net profit jumped 51.4% sequentially to ₹55.4 crore from ₹36.6 crore in Q1 FY27
- Revenue from operations grew 147% year-on-year to ₹172 crore, up from ₹69.7 crore in Q2 FY26
- Operating margin expanded to 42.2% in Q2 FY27, a sharp rise from 35.4% in the previous quarter
- The High Tension Insulators segment contributed ₹170.28 crore to the total revenue for the quarter
- Board approved increasing authorized share capital to ₹121 crore to support future growth requirements
Insulator Segment Drives Massive Revenue Acceleration
Hindusthan Insulators & Industries reported a 147% year-on-year surge in revenue from operations, which reached ₹172 crore for the quarter ended September 2026. This growth was almost entirely driven by the High Tension Insulators segment, which generated ₹170.28 crore in revenue compared to ₹67.83 crore in the year-ago period. The company's total income for the quarter stood at ₹176 crore, including ₹3.5 crore from other income sources.
This sharp revenue escalation enabled a significant financial turnaround from the ₹43.3 crore net loss recorded in the second quarter of the previous fiscal year.
Leadership Transition and Senior Management Realignment
- Mr. Shailendra Jhalani resigned as Chief Financial Officer effective October 03, 2026
- Mr. Jhalani was appointed as Whole-time Director (Deputy Managing Director) for three years starting October 04, 2026
- Mr. Mool Chand Gauba joined the board as an Additional Director in the Independent category
- Four officials were designated as Senior Management Personnel across production, marketing, and legal divisions
- Ms. Neha Kejriwal continues as Company Secretary and Compliance Officer
Strategic Manufacturing Expansion and Capital Strengthening
The company is actively evaluating strategies to strengthen its Conductor Unit in Gwalior to optimize facility utilization and leverage emerging opportunities in the conductor segment. This follows management's earlier guidance regarding the Mandideep plant kiln expansion, which is expected to reach a dispatchable capacity of 19,500 MT by December 2026. To facilitate these growth objectives and increase operational flexibility, the board has approved an increase in the authorized share capital from ₹108.50 crore to ₹121.00 crore.
The proposed alteration to the Memorandum of Association remains subject to shareholder approval and other regulatory clearances.
Turnaround Trajectory and Industry Comparison
The September quarter results highlight a sustained recovery trend, with adjusted profit growing by 4,306.3% year-on-year from the previous year's low base. The company's revenue growth of 147% significantly outperformed the sector's average revenue growth of 36.99%. While the sector saw a net profit decline of 3.1%, Hindusthan Insulators reported a 227.9% year-on-year profit surge.
The company currently trades at a P/E ratio of 38.63x, which is largely in line with the sector P/E of 39.98x, following a 251.6% price appreciation over the last 12 months.
| Date | Announcement | Amount |
|---|---|---|
| 21 Jul 2026 | Q1 FY27 standalone net profitSource: scanx.trade | ₹36.62 Cr |
| 27 May 2026 | Q4 FY26 standalone net profitSource: BSE filing | ₹20.91 Cr |
| 13 Feb 2026 | Q3 FY26 standalone net profitSource: BSE filing | ₹14.69 Cr |
| 13 Nov 2025 | Q2 FY26 standalone net lossSource: BSE filing | ₹-43.30 Cr |
| 13 Aug 2025 | Q1 FY26 standalone net lossSource: BSE filing | ₹-0.18 Cr |
| 28 May 2025 | Q4 FY25 standalone net lossSource: BSE filing | ₹-28.10 Cr |
What to watch next
- Commissioning of Mandideep plant kiln expansion to 19,500 MT capacity by December 2026
- Shareholder approval for the increase in Authorized Share Capital to ₹121 crore
- Operational strengthening and capacity optimization at the Gwalior Conductor Unit
- Financial results for the third quarter (Q3 FY27) scheduled for February 2027
“Mr. Shailendra Jhalani has tendered his resignation from the position of Chief Financial Officer of the Company with effect from October 03, 2026 consequent to his proposed appointment as a Whole-time Director of the Company with effect from October 04, 2026.”
| Share price | ₹516.25 |
|---|---|
| Market capitalisation | ₹1,117.34 Cr |
| Revenue (annual) | ₹338.54 Cr |
| Net profit (annual) | -₹7.87 Cr |
| Revenue (latest quarter) | ₹116.02 Cr+6.55% vs previous quarter |
| Net profit (latest quarter) | ₹36.62 Cr+75.11% vs previous quarter |
| P/E (TTM) | 38.63×Sector 39.98× |
| Promoter holding | 75%0.00% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Hindusthan Insulators & Industries Limited announcing the outcome of the Board Meeting and financial results for the quarter and half-year ended September 30, 2026. Market figures from a third-party data provider.
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