| Scrip Code | 542905 |
|---|---|
| NSE Symbol | HINDWAREAP |
| MSEI Symbol | NOTLISTED |
| ISIN | INE05AN01011 |
| Name of company | Hindware Home Innovation Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 12-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 05-02-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 12-02-2026 13:45:00 |
| End date and time of board meeting | 12-02-2026 16:30:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 64,008.00 | 1,84,755.00 | |
| Other income | 340.00 | 1,623.00 | |
| Total income | 64,348.00 | 1,86,378.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 17,956.00 | 52,213.00 |
| (b) | Purchases of stock-in-trade | 17,326.00 | 53,695.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (384.00) | (5,568.00) |
| (d) | Employee benefit expense | 10,561.00 | 30,917.00 |
| (e) | Finance costs | 1,671.00 | 5,178.00 |
| (f) | Depreciation, depletion and amortisation expense | 2,884.00 | 8,808.00 |
| (f) | Other Expenses | ||
| 1 | Power and Fuel | 2,315.00 | 6,539.00 |
| 2 | Other Expenses | 11,417.00 | 31,626.00 |
| Total other expenses | 13,732.00 | 38,165.00 | |
| Total expenses | 63,746.00 | 1,83,408.00 | |
| 3 | Total profit before exceptional items and tax | 602.00 | 2,970.00 |
| 4 | Exceptional items | (5.00) | (4,893.00) |
| 5 | Total profit before tax | 597.00 | (1,923.00) |
| 6 | Tax expense | ||
| 7 | Current tax | 313.00 | 964.00 |
| 8 | Deferred tax | (197.00) | (1,691.00) |
| 9 | Total tax expenses | 116.00 | (727.00) |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 481.00 | (1,196.00) |
| 12 | Profit (loss) from discontinued operations before tax | (9.00) | 10.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 9.00 |
| 14 | Net profit (loss) from discontinued operation after tax | (9.00) | 1.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | (112.00) | (848.00) |
| 16 | Total profit (loss) for period | 360.00 | (2,043.00) |
| 17 | Other comprehensive income net of taxes | (25.00) | 37.00 |
| 18 | Total Comprehensive Income for the period | 335.00 | (2,006.00) |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 355.00 | (2,065.00) | |
| Total profit or loss, attributable to non-controlling interests | 5.00 | 22.00 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | (25.00) | 36.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0.00 | 1.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,673.00 | 1,673.00 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 0.43 | -2.47 | |
| Diluted earnings (loss) per share from continuing operations | 0.43 | -2.47 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | -0.01 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | -0.01 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 0.42 | -2.47 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 0.42 | -2.47 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. The above unaudited standalone and consolidated financial results of the Company for the quarter and nine months period ended 31st December 2025 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 12th February 2026. 2. To optimize focus on its core kitchen appliance segment, the Board of Directors, on 12th August 2025, approved the discontinuation of several high loss product categories viz. air coolers other than through the e commerce channel, ceiling and other fans, air purifiers, water purifiers, and furniture fitting the Discontinued Product Categories. This strategic exit resulted in the following financial adjustments during the nine months period ended 31st December 2025 a. This led to two financial impacts in the quarter ended 30th June 2025, viz. i. the recognition of Rs 6.00 crore as Other income per Ind AS 116 from an associated warehouse lease termination, and ii. a provision of Rs. 49.49 crore as an Exceptional Item based on a preliminary assessment of the realisable value of discontinued assets. b. During the quarter ended 31st December 2025, the Company recorded a reversal of provision amounting to Rs.4.60 crore previous quarter ended 30th September 2025 Rs.0.61 crore on account of disposal of assets related to Discontinued Product Categories. Consequently, the net Exceptional Item for the nine months period ended 31st December 2025, stands adjusted to Rs. 44.28 crore. c. The corresponding sale proceeds of the Discontinued Product Categories amounting to Rs.7.78 crore and Rs.0.89 crore for the quarter ended 31st December 2025 and 30th September 2025 respectively have been recognized under Revenue from Operations, with the sale proceeds from these Discontinued Product Categories approximating to their original cost. 3. Following the notification of the four Labour Codes by the Government of India on 21st November 2025, the Company has evaluated the financial implications based on draft Central Rules, and guidance issued by the ICAI. Given the regulatory driven and non recurring nature of these changes, the resulting incremental impact on employee benefit obligations comprising gratuity and compensated absences amounting to Rs.0.68 crore and Rs.4.65 crore on standalone and consolidated basis respectively, has been recognized as an Exceptional Item for the quarter and nine months period ended 31st December 2025. The Company remains engaged in monitoring the finalization of Central and State Rules and will incorporate any further accounting adjustments as additional clarifications are issued by the Government. 4.On a standalone basis, Other Income for the nine months period ended 31st December 2025 includes a dividend of Rs.0.49 crore received from the Company subsidiary, Hindware Limited, compared to Rs.4.90 crore received during the corresponding previous period. 5.On 27th March 2025, the Board approved a Composite Scheme of Arrangement the Scheme involving the Company, Hindware Limited, and HHIL Limited. The Scheme provides for the demerger of the Company Consumer Products Business into HHIL Limited and the subsequent amalgamation of the remaining Company with Hindware Limited, with an Appointed Date of 01st April 2025. Pursuant to the approval received from the stock exchanges BSE and NSE, the Company has filed an application for approval of the Scheme with the NCLT. The Scheme is subject to the approval of the shareholders, creditors of the Company and such other necessary approvals as may be required and sanction thereof by the NCLT. 6.The previous quarter, period, year figures have been rearranged, regrouped, wherever considered necessary. 7.The Statutory auditors of the Company have carried out a limited review of the above unaudited results. |
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| Debt equity ratio | |
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| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Consumer appliances business | 8,146.00 | 23,782.00 | ||||
| 2 | Building products | 55,871.00 | 1,61,087.00 | ||||
| 3 | Others | 0.00 | 0.00 | ||||
| Total Segment Revenue | 64,017.00 | 1,84,869.00 | |||||
| Less: Inter segment revenue | 9.00 | 114.00 | |||||
| Revenue from operations | 64,008.00 | 1,84,755.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Consumer appliances business | (353.00) | 402.00 | ||||
| 2 | Building products | 2,589.00 | 7,808.00 | ||||
| 3 | Others | (1.00) | (10.00) | ||||
| Total Profit before tax | 2,235.00 | 8,200.00 | |||||
| i. Finance cost | 1,671.00 | 5,178.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | (33.00) | 4,945.00 | |||||
| Profit before tax | 597.00 | (1,923.00) | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Consumer appliances business | 23,358.00 | 23,358.00 | ||||
| 2 | Building products | 2,16,022.00 | 2,16,022.00 | ||||
| 3 | Others | 121.00 | 121.00 | ||||
| Total Segment Asset | 2,39,501.00 | 2,39,501.00 | |||||
| Un-allocable Assets | 9,399.00 | 9,399.00 | |||||
| Net Segment Asset | 2,48,900.00 | 2,48,900.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Consumer appliances business | 16,910.00 | 16,910.00 | ||||
| 2 | Building products | 1,55,151.00 | 1,55,151.00 | ||||
| 3 | Others | 29.00 | 29.00 | ||||
| Total Segment Liabilities | 1,72,090.00 | 1,72,090.00 | |||||
| Un-allocable Liabilities | 204.00 | 204.00 | |||||
| Net Segment Liabilities | 1,72,294.00 | 1,72,294.00 | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Items that will not be reclassified to profit or loss | (40.00) | 47.00 |
| 2 | Share in other comprehensive income of joint venture (net of tax) | 0.00 | 1.00 |
| Total Amount of items that will not be reclassified to profit and loss | (40.00) | 48.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (15.00) | 11.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (25.00) | 37.00 |