HARDWYN posts 12.07% standalone operating margin in Q4FY26
Operating profit was Rs 5.60 cr, while a 30.86% tax rate left net profit at Rs 3.42 cr.
Filed 26 Aug 2026, 11:48 IST · HARDWYN (HARDWYN)
Key takeaways
- HARDWYN's standalone Q4FY26 operating margin was 12.07%, with expenses absorbing most of its Rs 46.41 cr revenue.
- Other income of Rs 0.32 cr was modest against Rs 4.95 cr profit before tax, so reported profit was primarily operating in origin.
- A 30.86% tax rate reduced profit after tax to Rs 3.42 cr, with EPS at Rs 0.07.
Operating profit cleared Rs 5 cr
HARDWYN reported standalone operating profit of Rs 5.60 cr on revenue of Rs 46.41 cr, translating to a 12.07% operating margin. Expenses of Rs 40.81 cr absorbed most of revenue, leaving limited room between operating profit and sales.
Profit was not driven by other income
Other income contributed Rs 0.32 cr against profit before tax of Rs 4.95 cr, indicating that the quarter's pre-tax result was largely generated by operations. Interest of Rs 0.49 cr and depreciation of Rs 0.47 cr further reduced operating profit before tax was reported.
Tax remained a material deduction
The 30.86% tax rate took Rs 1.53 cr from profit before tax, leaving net profit of Rs 3.42 cr. With no sequential or year-on-year comparison in the reported quarter, the 12.07% operating margin is the key base for tracking the next result.
Q4FY26 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q4FY26 |
|---|---|
| Revenue | ₹46 cr |
| Other income | ₹0 cr |
| Expenses | ₹41 cr |
| Operating profit | ₹6 cr |
| Operating margin (%) | 12.07% |
| Interest | ₹0 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹5 cr |
| Tax | ₹2 cr |
| Net profit | ₹3 cr |
| EPS (₹) | ₹0.07 |
What to watch
- Whether standalone operating margin moves above or below 12.07%.
- Whether other income remains modest relative to the Rs 4.95 cr profit-before-tax base.
- Whether the tax rate stays near or moves away from 30.86%.