Hipolin Ltd has announced its consolidated financial results for the quarter ended June 30, 2026, reporting a net profit of ₹2.08 Lakhs. This marks a significant improvement compared to the loss of ₹77.12 Lakhs in the same quarter of the previous year. The Board also noted the sad demise of Independent Director Mr. Umeshchandra P Mehta and the resignation of Managing Director Mr. Prafulla Gattani, leading to the reconstitution of the Audit and Nomination Remuneration Committees.
Hipolin Reports Strong Turnaround in Q1 FY27 Consolidated Results
Hipolin Ltd has released its consolidated unaudited financial results for the quarter ended June 30, 2026, revealing a substantial positive shift in its financial performance. The company posted a consolidated net profit of ₹2.08 Lakhs for the quarter. This figure represents a significant turnaround from the consolidated net loss of ₹77.12 Lakhs recorded in the corresponding quarter of the previous fiscal year (ended June 30, 2025). The total comprehensive income also mirrored this positive trend, standing at ₹2.08 Lakhs for the period, compared to a loss of ₹77.12 Lakhs in the prior year’s quarter.
Key Personnel Changes and Committee Reconstitution
The Board meeting on August 14, 2026, also addressed significant personnel changes and consequential committee reconstitutions. The Board noted the sad demise of Mr. Umeshchandra P Mehta, an Independent Director, effective from August 14, 2026, following his passing on July 31, 2026. Additionally, the resignation of Mr. Prafulla Gattani, Managing Director (DIN:00147844), was accepted, effective from August 14, 2026. In light of these changes, the Board approved the reconstitution of the Audit Committee and the Nomination Remuneration Committee, effective from August 14, 2026. These reconstitutions include the appointment of Avni Chouhan to the Audit Committee and Shailesh J. Shah to the Nomination Remuneration Committee.
Standalone Financial Performance
On a standalone basis, Hipolin Ltd reported a net profit of ₹2.03 Lakhs for the quarter ended June 30, 2026. This also marks a significant improvement from the standalone net loss of ₹77.07 Lakhs in the same period of the previous year. The total comprehensive income on a standalone basis was also ₹2.03 Lakhs, a notable recovery from the loss of ₹77.07 Lakhs reported in Q1 FY26.
Financial Highlights (Consolidated)
- Revenue from Operations (Net of Taxes): ₹519.86 Lakhs for Q1 FY27, compared to ₹393.93 Lakhs in Q1 FY26.
- Total Income: ₹524.97 Lakhs for Q1 FY27, versus ₹398.44 Lakhs in Q1 FY26.
- Profit/(Loss) Before Tax: ₹2.08 Lakhs for Q1 FY27, a substantial increase from ₹0.54 Lakhs in Q1 FY26 (and a gain from a prior year loss).
- Earnings/(Loss) Per Equity Share (Basic & Diluted): ₹0.07 for Q1 FY27, up from ₹0.02 in Q1 FY26, and a significant improvement from (₹2.35) in Q1 FY25.
Business Overview
The company is primarily engaged in the manufacturing of ‘Detergent Powder and Cake’, operating within a single business segment.
Source: BSE
