Hardwyn India Announces Stellar Financial Results; Check Performance

Hardwyn India Limited has informed the stock market that the Board of Directors of the company had a meeting on Saturday, June 1, in which the results of the fourth quarter of the last financial year have been approved.

Hardwyn India Limited has informed the stock market that its revenue from operations in the fourth quarter of the last financial year was Rs 36.93 crores, which was Rs 35.06 crores in the previous quarter and Rs 29.8 crores in the fourth quarter of the previous financial year.

The company's profit before tax in the fourth quarter of the last financial year was Rs 4.80 crore, which was Rs 5.79 crore in the previous quarter and Rs 5.41 crore in the fourth quarter of the previous financial year. Hardwyn India Limited has informed the stock market that its profit after paying tax in the fourth quarter of the last financial year was Rs 3.29 crores, which was Rs 4.10 crores in the previous quarter and Rs 3.73 crores in the fourth quarter of the previous financial year.

On Friday, during the volatile trading of the stock market, the shares of Hardwyn India Limited registered a slight rise and the shares of the company with a market cap of Rs 1020 crore were trading at the level of Rs 29.15.

Hardwyn India Limited is a small small company whose shares have a 52-week high of Rs 57.15 and a 52-week low of Rs 27.65. Shares of Hardwyn India Limited have been weak for the last few days but from the level of Rs 8.80 on April 13, 2022, they have given a bumper return of 232 per cent of investors.

In Q3FY24, Hardwyn India announced Q3FY24 results. They reported net sales at Rs 35.06 crore in Q3FY24 up 0.98% from Rs. 34.72 crore in Q3FY23. Quarterly Net Profit at Rs. 4.11 crore in Q3FY24 up 25.74% from Rs. 3.27 crore in Q3FY23.

Earlier, The company informed Subsidiary Slim-X, a wholly-owned subsidiary of Hardwyn India, has unveiled a range of innovative products. The new brand, with cutting-edge technology, said the exchange filing with the bourses. The company is now expecting to generate revenue of Rs 100 crore in the next two years. The new range of products that come with aesthetics enhancement, convenience, and a warranty of up to 10 years are expected to be in big demand from architects, interior designers, builders, and contractors, among other industries.

Hardwyn India is a manufacturer of architectural hardware and glass fittings, providing complete solutions for both residential as well as commercial structures for the last five decades. It has made its presence felt globally to create a global supply chain and trusted distribution footprint.