Corporate Performance     

Published: November 15, 2024
Updated: November 15, 2024

Hardwyn India Ltd

Robust earnings show for Q2FY25: PAT shoots up 172.54% YoY Board approves 2:5 bonus issue

Hardwyn India Ltd.’s (BSE: 541276, NSE: HARDWYN), a leader in architectural hardware and glass fittings, in its board meeting held on November 14, 2024, has announced robust earnings for the quarter and half year ended 30 September 2024.

Further, the board approved the issue of Bonus equity shares in the ratio of 02:05 i.e. 02(Two) equity shares for every 05 (Five) existing equity shares held by the members of the Company as on record date, subject to necessary approvals as may be required.

For quarter ended 30 September 2024, revenue from operations grew by 61.73% from Rs. 3193.52 Lakhs in Q2FY24 to Rs. 5164.74 Lakhs in Q2FY25. EBITDA increased by 168.50% from Rs. 235.01 Lakhs in Q2FY24 to Rs. 631.01 Lakhs in Q2FY25. EBITDA margins increased from 7.34% in Q2FY24 to 12.20% in Q2FY25 by 486 bps. PAT increased by 172.54% from Rs. 148.24 Lakhs in Q2FY24 to Rs. 404.01 Lakhs in Q2FY25.

For half year ended 30 September 2024, revenue from operations grew by 34.56% from Rs. 6879.66 Lakhs in H1FY24 to Rs. 9257.49 Lakhs in H1FY25. EBITDA increased by 112.03% from Rs. 414.46 Lakhs in H1FY24 to Rs. 878.80 Lakhs in H1FY25. EBITDA margins increased from 6.00% in H1FY24 to 9.48% in H1FY25 by 348 bps. PAT increased by 107.51% from Rs. 259.26 Lakhs in H1FY24 to Rs. 537.98 Lakhs in H1FY25. PAT margin improved by 205 bps in H1FY25.

Previously, the company had announced that it’s newly formed Subsidiary ‘Slim-X’ has unveiled a range of innovative products. The new brand, with cutting-edge technogy, now plans to generate revenue of Rs 100 crore in the next two years, leveraging the growth potential of innovative products- ultra-slim, high-performance aluminum profiles- for industries. Hardwyn India Ltd. is a leading brand among the architectural hardware manufacturers in India.

For over half a century, Hardwyn India Ltd. has been redefining perfection in the realm of architectural hardware. The company offers comprehensive solutions for residential and commercial structures as an unwavering manufacturer of architectural hardware and glass fittings. Through rigorous testing and relentless research and development practices, Hardwyn has earned a stellar reputation for benchmark quality through a customer-centric philosophy and relentless pursuit of world-class quality.

To create a robust global supply chain and establish a trusted distribution network, Hardwyn has continually strived to expand its global footprint. The company has built a large network of dealers and distributors to provide unwavering customer support. Beyond business success, Hardwyn holds a deep commitment to environmental sustainability and community welfare. Sustainability is an integral part of the company’s vision, reflecting its commitment to both society and the environment.

For residential and commercial projects across diverse domains, Hardwyn is the trusted partner in progress. As a leader in the industry, the company continues to make significant contributions to the development of the country. In the world of architectural hardware, Hardwyn stands out as a symbol of innovation, quality, and reliability.