Hardcastle & Waud Mfg Co News

Hardcastle & Waud Manufacturing Reports Quarterly Financial Results for Period Ended September 30, 2025

Hardcastle & Waud Manufacturing Company Limited submitted its unaudited financial results for the quarter and half year ended September 30, 2025. The company reported total income of Rs 98.32 lakhs for the quarter compared to Rs 113.26 lakhs in the previous quarter. Profit before tax stood at Rs 73.25 lakhs for the quarter versus Rs 104.32 lakhs in the prior quarter. For the half year period, total income was Rs 272.52 lakhs with profit before tax of Rs 477.57 lakhs. The company operates in three business segments: trading, investments, and leasing. Cash and cash equivalents decreased to Rs 10.06 lakhs from Rs 69.84 lakhs at the end of March 2025. The results were approved by the Board of Directors and reviewed by auditors Desai Saksena Associates, who provided an unmodified review conclusion.

Hardcastle & Waud Manufacturing Reports 22% Revenue Growth and Key Leadership Changes

Hardcastle & Waud Manufacturing Company Limited reported revenue from operations of Rs 194.32 lakhs for the quarter ended June 30, 2025, compared to Rs 159.26 lakhs in the same period last year. Net profit for the quarter was Rs 77.07 lakhs versus Rs 114.20 lakhs in the previous year. The company appointed Manekchand Panda as Additional Independent Director for five years effective August 12, 2025. Banwari Lal Jatia will be redesignated from Managing Director to Executive Director effective April 1, 2026. The company also appointed Pravedkumar Dubey as Manager for five years from April 1, 2026, and SKJP & Associates as Secretarial Auditors for five years starting financial year 2025-2026. All appointments are subject to shareholder approval. The company reconstituted its Audit, Nomination and Remuneration, and Stakeholders' Relationship Committees.