Hariyana Ship Breakers' Q1 FY 2026-27 Quarterly Results

Result Summary

• Hariyana Ship Breakers Ltd reported a 16.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 8.8%.
• Its expenses for the quarter were down by 77.4% QoQ and 46.7% YoY.
• The net profit decreased 147.1% QoQ and increased 548.5% YoY.
• The earnings per share (EPS) of Hariyana Ship Breakers Ltd stood at 7.16 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Hariyana Ship Breakers Ltd is a company that primarily operates in the shipbreaking industry. The company specializes in dismantling obsolete ships and selling the scrap materials, which are often repurposed in the steel industry. In recent developments, the shipbreaking industry has been experiencing fluctuations due to global economic conditions, regulatory changes, and environmental considerations. However, specific recent events or changes affecting Hariyana Ship Breakers Ltd are not available based on the provided information.

Revenue

In the first quarter of fiscal year 2027 (Q1FY27), Hariyana Ship Breakers Ltd reported a total income of ₹2.36 crores. This represents a significant increase of 16.3% compared to the previous quarter (Q4FY26), where the total income was ₹2.03 crores. Year-over-year, there was an 8.8% increase from ₹2.17 crores in Q1FY26. This growth in revenue indicates a positive trend in the company's performance over both the quarter and the year.

Profitability

For Q1FY27, the company reported a profit before tax of ₹1.79 crores, a notable recovery from the loss of ₹13.68 crores in the previous quarter. Year-over-year, this reflects a 61.3% increase from ₹1.11 crores in Q1FY26. After accounting for taxes of ₹0.46 crores, the profit after tax stood at ₹4.41 crores for Q1FY27, compared to a loss of ₹9.36 crores in Q4FY26. On a yearly basis, this marks a significant increase from a profit of ₹0.68 crores in Q1FY26. The earnings per share also showed an improvement, rising from a loss of ₹15.17 in Q4FY26 to ₹7.16 in Q1FY27 and a substantial increase from ₹1.11 in Q1FY26.

Operating Metrics

The company's total expenses for Q1FY27 were ₹0.57 crores, a significant decrease from ₹2.52 crores in Q4FY26, representing a 77.4% reduction quarter-over-quarter. Year-over-year, total expenses decreased by 46.7% from ₹1.07 crores in Q1FY26. The reduction in expenses has contributed to the company's improved profitability metrics. The tax expense increased significantly to ₹0.46 crores in Q1FY27 from ₹0.06 crores in Q4FY26, marking a 666.7% increase, and a 64.3% increase from ₹0.28 crores in Q1FY26. These shifts in operating metrics illustrate substantial changes in the company's financial operations over both the quarter and the year.