Full Year FY26 Performance of HRS Aluglaze
For the full year ended March 31, 2026, HRS Aluglaze reported consolidated revenue from operations of ₹67.53 crore, up 60.36% on an annual basis from ₹42.11 crore in FY25. Other income for the year stood at ₹0.31 crore, taking total income to ₹67.85 crore compared to ₹42.14 crore in FY25.
Total expenses for FY26 stood at ₹54.09 crore against ₹35.27 crore in FY25.
EBITDA for FY26 came in at ₹18.26 crore, up 70.02% on an annual basis from ₹10.74 crore in FY25, with EBITDA margin expanding to 27.04% from 25.50% in FY25; an improvement of 154 basis points.
PBT for the year stood at ₹13.75 crore, up from ₹6.88 crore in FY25. PAT for FY26 came in at ₹10.21 crore, up 98.56% on an annual basis from ₹5.14 crore in FY25, with PAT margin expanding to 15.12% from 12.21% in FY25, an improvement of 291 basis points. The full year numbers show the company is not just growing its top line, the operating leverage is clearly flowing through to the bottom line.
Recent Developments of HRS Aluglaze
HRS Aluglaze has initiated the development of a new manufacturing facility at Rajoda, Ahmedabad, with an estimated investment of around ₹16 crore. The expanded facility at Rajoda will add 13,714 sq m of adjoining land under development, scaling capacity to support the growing project pipeline.
During the year, the company also completed the acquisition of a business unit from Geotrix Building Envelope Pvt. Ltd., further strengthening its integrated project execution capabilities and presence in high-value projects. It also established a subsidiary called Geotrix Pvt. Ltd. to expand its aluminium and architectural systems capabilities and market reach.
In terms of operation, the company put up an assembly line for the manufacture of uPVC products, thus increasing the list of their product offerings by diversifying from curtain walling and structural glazing to building material products. Further, a powder coating plant with a 7-tank automated pretreatment system was set up, allowing them to coat and monitor quality in-house. Additionally, a 422 kW solar power station and future expansion of 1 MW was also set up by the company.
The company recently secured multiple new work orders aggregating to ₹12.76 crore, strengthening its order pipeline. The newly secured orders are scheduled for execution over the next 24 months and point to continued demand for façade and glazing solutions across residential, commercial, and industrial projects. HRS Aluglaze also successfully completed its ₹50.92 crore public issue in December 2025, which was subscribed 44.83 times.
Management Commentary of HRS Aluglaze
Rupesh Shah, Managing Director, HRS Aluglaze Limited, said “In FY26, HRS Aluglaze delivered strong growth driven by capacity expansion, operational integration, and geographic diversification. The company reported approximately 60.4% year-on-year revenue growth to ₹ 67.5 crore, supported by robust demand across its architectural facade segments. During the year, the company strengthened its operational capabilities through facility expansion at Rajoda, commissioning of a uPVC production line, and installation of 422 kW rooftop solar capacity to support operational efficiency. In FY25, the company expanded its geographic presence into Coimbatore and Mumbai markets, complementing its operations in Gujarat, Maharashtra, Telangana, and Tamil Nadu, with further expansion planned for West Bengal, and Andhra Pradesh. The company's capex program, funded through IPO proceeds, remains on track with machinery installations supporting production capacity expansion. The company also established a subsidiary called Geotrix Pvt. Ltd. to extend its market reach. With 24+ active projects and a strong base of repeat business, the company maintains strong project visibility. Supported by capacity expansion and geographic diversification, HRS Aluglaze remains well-positioned to sustain growth momentum and create long-term shareholder value. “
About HRS Aluglaze Limited
HRS Aluglaze Limited is an Ahmedabad-based integrated provider of architectural aluminium solutions, incorporated in 2012. The company is engaged in the design, manufacturing, supply, and installation of aluminium products, including windows and doors, curtain wall systems, cladding solutions, and advanced glazing systems. Its product portfolio spans aluminium and UPVC windows and doors, high-performance façade systems, railings and partitions, customised aluminium-glass cladding, and material supply including aluminium profiles, glass, hardware, and sourcing support. The manufacturing facility is located at Village Rajoda, Taluka Bavla, Ahmedabad, Gujarat, with an area of 11,176 sq m equipped with CNC precision machinery and powder-coating facilities.
