Hariyana Ship Breakers Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company reported a total income of ₹551.64 lakhs for standalone operations and ₹235.91 lakhs for consolidated operations. The financial statements indicate a cautious approach to operations, with management actively evaluating new business opportunities. The company also highlighted an emphasis of matter regarding an advance for a joint venture and the surrender of a working capital limit.
Hariyana Ship Breakers Announces Q1 FY27 Financial Results
Hariyana Ship Breakers Limited has officially published its unaudited standalone and consolidated financial results for the first quarter of the financial year ending June 30, 2026. The Board of Directors considered and approved these results during a meeting held on August 12, 2026. The meeting commenced at 3:00 p.m. and concluded at 3:30 p.m.
Standalone Financial Performance
For the quarter ended June 30, 2026, Hariyana Ship Breakers reported a total income of ₹551.64 lakhs. The total expenses for the same period amounted to ₹56.63 lakhs. This resulted in a profit before exceptional items and tax of ₹495.01 lakhs. After accounting for tax expenses, the profit after tax for the period stood at ₹441.15 lakhs.
Consolidated Financial Performance
On a consolidated basis, the company’s total income for the quarter ended June 30, 2026, was ₹235.91 lakhs, with total expenses of ₹56.63 lakhs. The profit before exceptional items and tax was ₹179.28 lakhs. Following tax adjustments, the consolidated profit after tax for the quarter was ₹133.31 lakhs.
Operational Update and Emphasis of Matters
The company noted that no operational revenue has been reported for the quarter ended June 30, 2026. Management is currently evaluating market conditions and exploring suitable business opportunities with the aim of recommencing business activities. The auditor’s report highlights several emphasis of matters:
- An outstanding advance of ₹1.21 crore accepted in FY 2017-18 for a joint venture, which has not yet commenced.
- The successful cancellation and surrender of a sanctioned working capital borrowing limit of ₹150 crore from Punjab National Bank.
- Significant capital contributions in partnership firms engaged in real estate development and a subsidiary dealing in oxygen gases, representing 90.46% of total assets. A portion of this capital has been utilized by one firm for granting loans to other entities.
The auditors concluded that, based on their review, nothing came to their attention that would cause them to believe the financial statements contain material misstatements, despite the mentioned emphasis of matters and the current non-operational status.
Source: BSE
