AUDITED RESULTS FOR THE QUARTER AND FINANCIAL YEAR ENDED 31.03.2025
Awaiting price reaction for this filing.
Hindustan Motors reported FY25 revenue from operations of Rs. 225 lakhs, down from Rs. 325 lakhs in FY24, as the company has no manufacturing activity (Uttarpara plant under suspension of work since May 2014). Net profit for FY25 fell to Rs. 1,567 lakhs (from Rs. 2,542 lakhs), with most of the profit coming from a Rs. 1,743 lakh gain on disposal of old plant and equipment, not from operations. The company reported a loss of Rs. 88 lakhs in Q4 FY25. Net worth turned positive at Rs. 2,461 lakhs, the company remains debt-free on financial borrowings, and accumulated losses were reduced to Rs. 10,752 lakhs.
The auditor flagged a 'Material Uncertainty related to Going Concern' since the company has no operations and survives on asset sales; an 'Emphasis of Matter' on the West Bengal government's land resumption order is also pending at the Calcutta High Court. Operating cash flow worsened sharply to negative Rs. 2,694 lakhs, signaling that without new business activity or further asset sales, sustainability remains a concern for shareholders.