Hindware Home Innovation Limited — Important, 14-02-2025: General Updates

The Board of Directors has approved the standalone and consolidated financial results for the third quarter and nine months ended 31st December 2024. The consolidated revenue from operations stands at ₹594.23 crore, down from ₹687.71 crore in the previous year, while the standalone results show a revenue of ₹67.35 crore, compared to ₹112.23 crore last year. The consolidated profit before tax is recorded at a loss of ₹15.62 crore, indicating a decline compared to a profit of ₹9.73 crore in the same period last year. Additionally, the company appointed M/s. DMK Associates as the Secretarial Auditor for FY 2024-25, a move aimed at strengthening compliance and governance. Investors should take note of the weakening revenue trends, although the newly appointed auditor may enhance oversight. Watch closely amid these changes as the company navigates operational challenges.