Integrated Filing — IndAS



General information about company

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 19-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 12-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 19-05-2026   14:45:00
End date and time of board meeting 19-05-2026   18:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 66,273.00 2,51,028.00
Other income 1,872.00 3,495.00
Total income 68,145.00 2,54,523.00
2 Expenses
(a) Cost of materials consumed 19,340.00 71,553.00
(b) Purchases of stock-in-trade 18,103.00 71,798.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (578.00) (6,146.00)
(d) Employee benefit expense 9,702.00 40,619.00
(e) Finance costs 1,862.00 7,040.00
(f) Depreciation, depletion and amortisation expense 2,941.00 11,749.00
(f) Other Expenses
1 Power and Fuel 2,883.00 9,422.00
2 Other Expenses 12,399.00 44,025.00
Total other expenses 15,282.00 53,447.00
Total expenses 66,652.00 2,50,060.00
3 Total profit before exceptional items and tax 1,493.00 4,463.00
4 Exceptional items (365.00) (5,258.00)
5 Total profit before tax 1,128.00 (795.00)
6 Tax expense
7 Current tax 298.00 1,262.00
8 Deferred tax 9.00 (1,682.00)
9 Total tax expenses 307.00 (420.00)
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 821.00 (375.00)
12 Profit (loss) from discontinued operations before tax 3.00 13.00
13 Tax expense of discontinued operations (2.00) 7.00
14 Net profit (loss) from discontinued operation after tax 5.00 6.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method (2,708.00) (3,556.00)
16 Total profit (loss) for period (1,882.00) (3,925.00)
17 Other comprehensive income net of taxes (87.00) (50.00)
18 Total Comprehensive Income for the period (1,969.00) (3,975.00)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (1,903.00) (3,968.00)
Total profit or loss, attributable to non-controlling interests 21.00 43.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (86.00) (50.00)
Total comprehensive income for the period attributable to owners of parent non-controlling interests (1.00) 0.00
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 72,016.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -2.28 -4.75
Diluted earnings (loss) per share from continuing operations -2.28 -4.75
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0.01 0.01
Diluted earnings (loss) per share from discontinued operations 0.01 0.01
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -2.27 -4.74
Diluted earnings (loss) per share from continuing and discontinued operations -2.27 -4.74
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The above audited consolidated and standalone financial results of the Company for the quarter and year ended 31st March 2026 have been reviewed by Audit Committee and approved by the Board of Directors at their respective meetings held on 19th May 2026. 2. During the quarter ended 31st March 2026 Hintastica Private Limited i.e. HPL a 50 50 joint venture in which the Company holds a 50 percent stake recognized impairment loss of Rs. 51.91 crore net of taxes on goodwill and certain other assets driven by sustained underperformance against initial plans amid intense domestic competition and rising input costs consequently the Companys share in the loss of the joint venture includes an impact of Rs. 25.95 crore for both the quarter and year ended 31st March 2026. 3. Exceptional Items a. Based on an independent valuation report the Company restated its investment in HPL during the quarter ended 31st March 2026 recognizing an impairment loss under Exceptional Items amounting to Rs. 39.20 crore in the Standalone Financial Results i.e. quarter and year ended 31st March 2025 Rs. 6.12 crore and Rs. 3.65 crore in the Consolidated Financial Results i.e. quarter and year ended 31st March 2025 Rs. 29.60 crore. b. To optimize focus on its core kitchen appliance segment the Board of Directors on 12th August 2025 had approved the discontinuation of several high loss product categories including air purifiers water purifiers furniture fittings ceiling and other fans and air coolers except those sold through the e commerce channel. This exit resulted in a net exceptional charge of Rs. 44.28 crore on standalone and consolidated basis for the year ended 31st March 2026 comprising an initial provision of Rs. 49.49 crore recognized in the quarter ended 30th June 2025 based on a preliminary assessment of the realizable value of discontinued assets subsequently offset by a reversal of Rs. 0.61 crore and Rs. 4.60 crore in the quarter ended 30th September 2025 and 31st December 2025 respectively upon asset disposal. c. Following the notification of the four Labour Codes on 21st November 2025 the Company has assessed the financial impact based on draft Central Rules and ICAI guidance. Consequently an incremental liability of Rs. 0.68 crore and Rs. 4.65 crore on standalone and consolidated basis respectively towards employee benefit obligations Gratuity and Compensated Absences has been recognized as an Exceptional Item for the year ended 31st March 2026 Quarter ended 31st March 2026 Nil Previous Year Nil. The Company will further evaluate and record necessary adjustments as and when the final Central and State Rules are notified and further clarifications are issued by the Government. 4. Other Income On a consolidated basis other income includes investment linked incentives of Rs.13.68 crore Previous Year Nil recognized by a subsidiary Hindware Limited for both the quarter and year ended 31st March 2026 under the Telangana State Investment Promotion Policy for mega projects. 5. On 27th March 2025 the Board approved a Composite Scheme of Arrangement the Scheme involving the Company Demerged Company Remaining Transferor Company Hindware Limited Transferee Compan and HHIL Limited Resulting Company. The Scheme provides for the demerger of the Consumer Products Business of the Demerged Company and the amalgamation of the Remaining Transferor Company with and into Transferee Company with an Appointed Date of 01st April 2025. The Company has received approval from BSE Limited and the National Stock Exchange of India Limited together the stock exchanges. The Scheme received requisite approval from the unsecured creditors and equity shareholders of the Company as well as the unsecured creditors of the Transferee Company during their respective NCLT convened meetings held on 7th March 2026. The Scheme is subject to such other necessary approvals as may be required and sanction thereof by the NCLT. 6. Figures for the quarter ended 31st March 2026 represent balancing figures between Audited figures for the full financial year and published year to date figures up to 31st December 2025. 7. The previous quarter period year figures have been rearranged regrouped wherever considered necessary.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 83,923.00
Capital work-in-progress 9,350.00
Investment property 0.00
Goodwill 191.00
Other intangible assets 340.00
Intangible assets under development 4.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 3,356.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other Financial Asset 1,235.00
Total of other non-current financial assets 1,235.00
Total non-current financial assets 4,591.00
Deferred tax assets (net) 8,896.00
Other non-current assets
1 Other non-current assets 638.00
2 Right of use assets 15,432.00
Total of other non-current assets 16,070.00
Total non-current assets 1,23,365.00
2 Current assets
Inventories 61,395.00
Current financial asset
Current investments 521.00
Trade receivables, current 41,952.00
Cash and cash equivalents 3,329.00
Bank balance other than cash and cash equivalents 13.00
Loans, current 0.00
Other current financial assets
Total of other current financial assets 553.00
Total current financial assets 46,368.00
Current tax assets (net) 0.00
Other current assets
1 Other current assets 13,727.00
Total of other current assets 13,727.00
Total current assets 1,21,490.00
3 Non-current assets classified as held for sale 323.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 2,45,178.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,673.00
Other equity 72,016.00
Total equity attributable to owners of parent 73,689.00
Non controlling interest 948.00
Total equity 74,637.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 25,311.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liabilities 12,551.00
2 Other Financial Liabilities 5,260.00
Total of other non-current financial liabilities 17,811.00
Total non-current financial liabilities 43,122.00
Provisions, non-current 1,328.00
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 458.00
Total of other non-current liabilities 458.00
Total non-current liabilities 44,908.00
Current liabilities
Current financial liabilities
Borrowings, current 45,563.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 10,395.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 22,305.00
Total Trade payable 32,700.00
Other current financial liabilities
1 Lease Liabilities 2,202.00
2 Acceptances 10,903.00
3 Other current financial liabilities 24,394.00
Total of other current financial liabilities 37,499.00
Total current financial liabilities 1,15,762.00
Other current liabilities 8,377.00
1 Other current liabilities 8,377.00
Total of other current liabilities 8,377.00
Provisions, current 385.00
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 1,24,524.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 1,109.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 1,70,541.00
Total equity and liabilites 2,45,178.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
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 8,025.00 31,807.00
2 Building Products 58,253.00 2,19,340.00
3 Others 0.00 0.00
Total Segment Revenue 66,278.00 2,51,147.00
Less: Inter segment revenue 5.00 119.00
Revenue from operations 66,273.00 2,51,028.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Consumer appliances business (529.00) (127.00)
2 Building Products 3,892.00 11,700.00
3 Others (4.00) (14.00)
Total Profit before tax 3,359.00 11,559.00
i. Finance cost 1,862.00 7,040.00
ii. Other Unallocable Expenditure net off Unallocable income 369.00 5,314.00
Profit before tax 1,128.00 (795.00)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Consumer appliances business 25,214.00 25,214.00
2 Building Products 2,13,417.00 2,13,417.00
3 Others 119.00 119.00
Total Segment Asset 2,38,750.00 2,38,750.00
Un-allocable Assets 6,428.00 6,428.00
Net Segment Asset 2,45,178.00 2,45,178.00
4 Segment Liabilities
Segment Liabilities
1 Consumer appliances business 19,243.00 19,243.00
2 Building Products 1,51,072.00 1,51,072.00
3 Others 32.00 32.00
Total Segment Liabilities 1,70,347.00 1,70,347.00
Un-allocable Liabilities 194.00 194.00
Net Segment Liabilities 1,70,541.00 1,70,541.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
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 (118.00) (71.00)
Total Amount of items that will not be reclassified to profit and loss (118.00) (71.00)
2 Income tax relating to items that will not be reclassified to profit or loss (31.00) (21.00)
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 (87.00) (50.00)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (795.00)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 7,087.00
Adjustments for decrease (increase) in inventories (648.00)
Adjustments for decrease (increase) in trade receivables, current 6,297.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (2,242.00)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (1,025.00)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 11,749.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (354.00)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 4,649.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 216.00
Adjustments for dividend income 0.00
Adjustments for interest income 94.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 2,511.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 28,146.00
Net cash flows from (used in) operations 27,351.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,557.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 25,794.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 232.00
Purchase of property, plant and equipment 12,751.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 85.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (497.00)
Net cash flows from (used in) investing activities (12,931.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 4,718.00
Repayments of borrowings 13,411.00
Payments of lease liabilities 3,443.00
Dividends paid 0.00
Interest paid 6,691.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 6,806.00
Net cash flows from (used in) financing activities (12,021.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 842.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 842.00
Cash and cash equivalents cash flow statement at beginning of period 2,487.00
Cash and cash equivalents cash flow statement at end of period 3,329.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Lodha and Co LLP Yes 31-03-2027