Please find enclosed Outcome of Board Meeting held on May 18, 2026.
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HP Cotton Textile Mills Ltd reported audited standalone and consolidated financial results for FY26 ended March 31, 2026. Standalone revenue grew marginally by 2.6% to Rs 13,150 Lakhs from Rs 12,813 Lakhs. Profit after tax increased 13.6% to Rs 293 Lakhs from Rs 258 Lakhs, with EPS at Rs 7.45 vs Rs 6.57 previously. The company recognized a Rs 5.08 Lakhs impairment loss on its investment in subsidiary HP MMF Textile Mills and an additional Rs 29.25 Lakhs liability due to new labour code provisions. Statutory auditors D. Kothary & Co. issued an unmodified (clean) opinion on both standalone and consolidated results. The quarter ended March 2026 showed revenue of Rs 2,756 Lakhs, down from Rs 3,643 Lakhs in Q4 FY25.
The company demonstrated steady but modest profit growth of 13.6% with clean audit opinion and no going concern issues. The stock faces no immediate red flags, though the quarterly revenue decline and higher borrowings (non-current borrowings rose from Rs 888 Lakhs to Rs 1,176 Lakhs) warrant monitoring.