Small-cap Stock Reaches Upper Circuit Following Strong Q4 Earnings

HRS Aluglaze Reports Strong Financial Performance in Q2 and FY26

HRS Aluglaze, an Ahmedabad-based company specializing in aluminium products, saw its shares close 6% higher at ₹239 apiece on the BSE on May 22, following a strong consolidated financial performance for the half-year and full year ended March 31, 2026.

The company's consolidated revenue from operations for H2 FY26 stood at ₹41.20 crore, representing a growth of 89.25% compared to ₹21.77 crore reported in the corresponding period last year. Consolidated EBITDA for H2 FY26 was ₹9.79 crore, up from ₹3.80 crore in H2 FY25, reflecting a growth of 157.63%. Consolidated profit after tax stood at ₹5.68 crore, compared to ₹1.38 crore in H2 FY25, marking a sharp growth of 311.59% year-over-year.

The strong performance was driven by healthy execution across projects and steady demand in its core business segments.

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HRS Aluglaze also delivered healthy growth in its full-year financial performance for FY26. Consolidated revenue from operations for FY26 stood at ₹67.53 crore, compared to ₹42.11 crore in FY25, registering a growth of 60.36% year-over-year. Consolidated EBITDA for FY26 was ₹18.26 crore, against ₹10.74 crore in the previous year, reflecting a growth of 70.02%. Consolidated profit after tax increased to ₹10.21 crore in FY26 from ₹5.14 crore reported in FY25, marking a growth of 98.56% year-over-year.

The company stated that it continued to witness strong momentum during the year, supported by timely execution and delivery of projects across its order book.

Rupesh Shah, Managing Director of HRS Aluglaze Ltd., commented on the performance, "FY26 has been a strong year for HRS Aluglaze as we continued to strengthen our execution capabilities and expand our business operations." He further added, "During the year, we secured multiple new orders across residential, commercial, and industrial projects, which reflects growing client confidence in our capabilities and delivery standards. We also initiated the development of our new manufacturing facility at Rajoda, Ahmedabad, with an estimated investment of around ₹16 crore."

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Incorporated in 2012, HRS Aluglaze Ltd. is engaged in the design, manufacturing, and installation of aluminium products, including windows, doors, curtain walls, cladding, and glazing systems. The company provides both standard and customized solutions to builders, contractors, architects, and institutions, along with material supply and procurement support.