BSEResult4d ago · 6 Aug 2026, 02:50 pm
Unaudited Financial Results (Standalone & Consolidated) for Quarter ended June 30, 2026.
Hikal Ltd · 524735
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Hikal Ltd has announced its unaudited financial results for the quarter ended June 30, 2026, with the Board of Directors approving the results at a meeting held on August 6, 2026. The trading window for designated persons will reopen on August 9, 2026. The company's auditor has issued a limited review report, expressing no material misstatement in the financial results. However, the report draws attention to a pending matter regarding alleged non-compliance with environmental laws and regulations, currently under investigation by the Supreme Court of India.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern6/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
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Hikal Ltd - 524735 - Results- Financial Results For June 30, 2026
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August 06, 2026
BSE Limited, National Stock Exchange of India Limited,
P J Towers, Exchange Plaza,
Dalal Street, Bandra Kurla Complex, Bandra,
Mumbai – 400 001. Mumbai 400 051.
BSE Scrip Code: 524735 NSE Symbol: HIKAL
Dear Sir/ Madam,
Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015- Outcome
of Board Meeting.
This is to inform you that the Board of Directors of the Company at its meeting held today i.e.,
August 06, 2026, inter-alia, have considered and approved the unaudited Financial Results
(Standalone and Consolidated) of the Company for the quarter ended June 30, 2026.
In terms of Regulation 33 of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, unaudited Financial Results (Standalone and
Consolidated) along with unmodified Limited Review Report from the Statutory Auditor are
enclosed herewith.
Trading Window Re-open:
The trading window, for trading in securities of the Company by Designated Persons, which
remained closed w.e.f. July 01, 2026, will re-open on August 09, 2026. The special closure of
trading window intimated by the Company vide its letter dated May 31, 2023, read with the
outcome of Board Meeting dated May 27, 2026, will continue to remain closed for Directors,
KMPs and specified Senior Management Personnel until informed otherwise.
The meeting of Board of Directors commenced at 11:00 a.m. and concluded at 02:34 p.m. We
request you to kindly take above on your record.
This is for your information and records.
Thank you,
Yours Sincerely,
For Hikal Limited
Rajasekhar Reddy
Company Secretary & Compliance Officer
Encl.: As above
Hikal Ltd.
Admin. Office: Great Eastern Chambers, 6th Floor, Sector 11, CBD Belapur, Navi Mumbai - 400 614, India. Tel. + 91–22–6277 0299, + 91–22–6866 0300
Regd. Office: 717/718, Maker Chambers - 5, Nariman Point, Mumbai - 400 021, India. Tel. +91-22 6277 0477. Fax: + 91-22 6277 0500
www.hikal.com info@hikal.com CIN: L24200MH1988PTC048028
12th Floor, The Ruby
29 Senapati Bapat Marg
Dadar (West)
Mumbai -400 028, India
Tel: +91 22 6819 8000
Chartered Accountants
Independent Auditor’s Review Report on the Quarterly Unaudited Standalone Financial Results
of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended
Review Report to
The Board of Directors
Hikal Limited
1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results
of Hikal Limited (the “Company”) for the quarter ended June30, 2026(the “Statement”)
attached herewith, being submitted by the Company pursuant to the requirements of
Regulation33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations,2015, as amended (the “Listing Regulations”).
2. The Company’s Management is responsible for the preparation of the Statement in
accordance with the recognition and measurement principles laid down in Indian
Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under
Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued
thereunder and other accounting principles generally accepted in India and in compliance
with Regulation 33 of the Listing Regulations.The Statement has been approved by the
Company’s Board of Directors. Our responsibility is to express a conclusion on the
Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE)2410, “Review of Interim Financial Information Performed by the
Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of
India. This standard requires that we plan and perform the review to obtain moderate
assurance as to whether the Statement is free of material misstatement. A review of
interim financial information consists of making inquiries, primarily of persons responsible
for financial and accounting matters, and applying analytical and other review procedures.
A review is substantially less in scope than an audit conducted in accordance with
Standards on Auditing and consequently does not enable us to obtain assurance that we
would become aware of all significant matters that might be identified in an audit.
Accordingly, we do not express an audit opinion.
4. Based on our review conducted as above, nothing has come to our attention that causes
us to believe that the accompanying Statement, prepared in accordance with the
recognition and measurement principles laid down in the aforesaid Indian Accounting
Standards (‘Ind AS’) specified under Section 133 of the Companies Act,2013 as amended,
read with relevant rules issued thereunder and other accounting principles generally
accepted in India, has not disclosed the information required to be disclosed in terms of
the Listing Regulations, including the manner in which it is to be disclosed, or that it
contains any material misstatement.
SRB C & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318
Regd. Office : 22, Camac Street, Block ‘B’, 3rd Floor, Kolkata-700 016
Chartered Accountants
Hikal Limited
5. We draw attention to note 4 to the Statement, as regards the uncertainty regarding
outcome of investigations / actions by statutory authorities in relation to alleged non-
compliance with certain environmental laws and regulations. The matter is currently
pending with the Hon’ble Supreme Court of India and no further adjustments including
consequential effects thereof are considered necessary in the financial results. Our
conclusion is not modified in respect of the aforesaid matter.
For S R B C & CO LLP
Chartered Accountants
ICAI Firm registration number: 324982E/E300003
Hemal Digitally signed by Hemal Dinesh
Shah
DN: cn=Hemal Dinesh Shah, c=IN,
Dinesh Shaho=Personal
Date: 2026.08.06 14:27:37 +05'30'
per Hemal Shah
Partner
Membership No.: 110829
UDIN: 26110829QZYAXD2066
Place: Jaipur
Date: August06, 2026
Page 2of 2
Statement of unaudited standalone financial results
for the quarter ended 30 June 2026
Rs. In Million (Except for earning per share)
Standalone
Quarter ended Year ended
Particulars 30-Jun-26 31-Mar-26 30-Jun-25 31-Mar-26
Unaudited Audited Unaudited Audited
(Refer note 3)
Income
Revenue from operations
Sale of products and services 3,998 5,170 3,713 16,952
Other operating revenue 30 24 91 174
Total revenue from operations 4,028 5,194 3,804 17,126
Other income 18 66 10 123
Total income 4,046 5,260 3,814 17,249
Expenses
Cost of materials consumed 1,940 2,103 1,820 7,986
Changes in inventories of finished goods and work-in-progress ( 114) 6 3 48 (369)
Employee benefits expense 733 669 617 2,660
Finance costs 149 146 171 621
Depreciation and amortisation expenses 427 420 394 1,638
Other expenses 1,100 1,303 1,071 4,644
Total expenses 4,235 4,704 4,121 17,180
Profit/(Loss) before tax before exceptional item (189) 556 (307) 69
Exceptional item (refer note 5 and 6) 89 (471) - (851)
Profit/(loss) before tax after exceptional item (100) 85 (307) (782)
Tax expense:
-Current tax (refer note 7) - (20) - (20)
-Deferred tax (25) (41) (80) ( 275)
Total tax expense (25) (61) (80) ( 295)
Profit/(loss) for the period (75) 1 46 ( 227) ( 487)
Other comprehensive income
Items that will not be reclassified to statement of profit and loss 2 (22) ( 5) (32)
Income tax relating to item that will not be reclassified to statement of profit and loss - 6 1 8
Other comprehensive income/(loss) for the period (net of income tax) 2 (16) ( 4) (24)
Total comprehensive income/(loss) (73) 1 30 ( 231) ( 511)
Paid-up equity share capital (Face value of Rs 2/- each) 247 247 247 247
Other equity 11,743
Earnings per share (Face Value of Rs 2/- each) (Not annualised for quarters)
- Basic (0.61) 1.18 (1.84) (3.95)
- Diluted (0.61) 1.18 (1.84) (3.95)
Notes :
1.TheaboveresultswerereviewedbytheAuditCommitteeattheirmeetingheldon5August2026andapprovedbytheBoar
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