Hindusthan Urban Infrastructure Ltd Q2 FY27 Results

Hindusthan Insulators & Industries (formerly Hindusthan Urban Infrastructure) reported standalone PAT of ₹55.37 Cr for Q2 FY27, reversing a ₹43.30 Cr loss in the year-ago quarter and up 51% sequentially from ₹36.62 Cr in Q1 FY27. Revenue from operations rose 147% YoY and 48% QoQ to ₹172.06 Cr. The YoY comparison needs an asterisk: Q2 FY26's loss was driven by a one-off ₹46.30 Cr exceptional charge tied to the sale of the Hindusthan Speciality Chemicals (HSCL) stake to DCM Shriram; stripping that out, underlying PBT ex-exceptional was only ₹3.84 Cr in Q2 FY26, translating to an adjusted net profit of about ₹3.00 Cr. So even on an adjusted basis PAT is up roughly 17x (₹3.00 Cr to ₹55.37 Cr) — this is genuine operating improvement, not just the absence of last year's one-off.

The entire move is coming from the High Tension Insulators segment: segment revenue rose to ₹170.28 Cr from ₹67.83 Cr a year ago (+151%) and ₹114.23 Cr last quarter (+49%), while segment PBT jumped to ₹73.77 Cr from ₹5.25 Cr a year ago — segment margin expanded from roughly 7.7% to 43.3%. Company-level net profit margin stands at 31.55% versus 30.83% last quarter and -60.27% a year ago; PBT margin before exceptional items improved to about 43% from 36% sequentially. The Real Estate segment stayed flat (₹1.78 Cr revenue, ₹1.42 Cr PBT) and is not a factor in the swing.

For context: this is the highest quarterly PAT in the last 6 quarters on our records; PAT has now risen for 4 consecutive quarters; revenue is at a 6-quarter high.

Basic EPS ₹25.58 for the quarter — figures restated for the 2:1 bonus issue (Jul 2026) and 5:1 stock split (Mar 2026), so not directly comparable to pre-restatement history.

There is no management guidance or prior concall commentary on record for this company, and no analyst/street consensus for the quarter could be found via web search — both vsGuidance and vsStreet are unknown here; a CARE Ratings note from July 2026 had projected FY27 total operating income to nearly double with healthy margins, which is broadly consistent with this quarter's trajectory but is a rating agency view, not company guidance or street consensus. The print lands alongside governance changes dated the same day: CFO Shailendra Jhalani resigned (effective Oct 3, 2026) to become Whole-time Director/Deputy Managing Director from Oct 4, and the board inducted Mool Chand Gauba as an independent director. The board also flagged it is evaluating ways to strengthen the Conductor Unit-Gwalior, bucketed under the 'Others' segment alongside the discontinued conductor operations.