HIKAL quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
Hikal Ltd reported sales of ₹434.2 Cr, operating profit of ₹44.9 Cr (OPM 10.34%) and net profit of ₹-6.1 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
HIKAL quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
447.7
552.4
380.4
318.5
494.3
519.4
402.8
434.2
YoY Sales growth
0.04
7.45
-6.49
-29.68
10.41
-5.97
5.89
36.33
Expenses
375.6
429
355.3
311.3
411.6
414
365.8
389.3
Operating Profit
72.1
123.4
25.1
7.2
82.7
105.4
37
44.9
OPM
16.1%
22.34%
6.6%
2.26%
16.73%
20.29%
9.19%
10.34%
Other Income
3.6
0.5
1
1.9
-35.2
-40.5
10.7
1.7
Interest
18.7
17.9
17.1
14.9
15.5
14.6
14.9
13.4
Depreciation
33.2
37.7
39.4
41.2
41.2
42
42.7
41.7
Profit before tax
23.8
68.3
-30.4
-47
-9.2
8.3
-9.9
-8.5
Tax
27.73%
26.5%
-26.32%
-25.74%
-35.87%
-73.49%
-25.25%
-28.24%
Net Profit
17.2
50.2
-22.4
-34.9
-5.9
14.4
-7.4
-6.1
EPS in Rs
1.39
4.07
-1.82
-2.83
-0.48
1.17
-0.6
-0.49
HIKAL profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
1,943
2,023
1,785
1,860
1,713
1,851
Sales growth
13
4
-12
4
-8
9
Expenses
1,602
1,765
1,518
1,531
1,492
1,581
Operating Profit
341
258
267
328
220
270
OPM
18%
13%
15%
18%
13%
15%
Other Income
5
5
2
5
-73
-63
Interest
31
48
56
75
62
58
Depreciation
96
109
118
134
164
168
Profit before tax
219
105
96
124
-78
-19
Tax
27%
26%
27%
27%
-38%
-
Net Profit
160
78
70
91
-49
-5
EPS in Rs
13.02
6.36
5.64
7.36
-3.96
-0.4
Dividend Payout
12%
19%
21%
19%
-15%
-
HIKAL balance sheet (₹ Cr)
Metric
Mar 2023
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Equity Capital
25
25
25
25
25
Reserves
1,109
1,163
1,238
1,170
1,174
Borrowings
748
818
765
683
684
Other Liabilities
504
482
502
472
483
Total Liabilities
2,385
2,487
2,529
2,349
2,365
Fixed Assets
948
1,071
1,364
1,340
1,333
CWIP
412
414
121
134
94
Investments
5
5
10
10
10
Other Assets
1,020
997
1,034
865
928
Total Assets
2,385
2,487
2,529
2,349
2,365
HIKAL cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
294
315
187
280
302
Cash from Investing Activity
-284
-292
-174
-136
-145
Cash from Financing Activity
-6
-8
-27
-144
-160
Net Cash Flow
4
15
-14
0
-3
Free Cash Flow
21
13
-17
144
154
CFO/OP
107%
134%
81%
94%
144%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit