Hardwyn India Ltd. is a distinguished Indian firm that focuses on premium architectural and kitchen hardware, glass fittings, and related products. Demonstrating a strong dedication to innovation, aesthetic appeal, and practicality, the company serves a wide array of clients, such as architects, builders, interior designers, and private consumers. Its emphasis on providing top-tier products has established it as a reputable name within the industry.
Recently, Hardwyn India Ltd. entered into a ₹5 crore memorandum of understanding (MoU) with Bhutan’s foremost construction company, The Gyalsung Infra. This partnership, spanning two years, will see Hardwyn supply a variety of high-quality products for both renovation and construction initiatives.
This development signifies an important step in Hardwyn’s efforts to penetrate the Bhutanese market, underscoring its dedication to fostering infrastructure growth and its ambition to become a global frontrunner in the hardware sector.
The company has announced impressive financial results in both its quarterly and half-yearly reports. For the second quarter of FY25 (Q2FY25), net sales saw a considerable increase of 62%, reaching ₹51.65 crore, while net profit experienced a remarkable jump of 201%, totalling ₹4.04 crore in comparison to the same quarter of FY24. In the half-year results for H1FY25, net sales rose by 35% to ₹92.57 crore, and net profit more than doubled, soaring by 108% to ₹5.38 crore when compared to H1FY24.
The Board of Directors has approved the issuance of 13,95,52,587 bonus equity shares at a ratio of 2:5. This means that for every five existing shares held as of the record date, shareholders will receive two additional fully paid-up equity shares.
Regarding the bonus issuance, the company’s authorised share capital will be increased from ₹35.10 crore to ₹50.00 crore, consisting of 50 crore equity shares with a face value of ₹1 each. The newly issued shares will hold the same rights as the existing equity shares in all respects.
Hardwyn India Ltd.’s share price traded at ₹32.04 per share on NSE as of 10:37 AM, with a high of ₹32.47 per share.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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