Approval of Audited financial results for the quarter/year ended 31-03-2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.3 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Hindoostan Mills Limited reported audited results for FY25 showing a sharp deterioration in performance. Total income fell to Rs. 3,799.14 lakhs from Rs. 9,423.97 lakhs in FY24, a drop of nearly 60%. The company swung to a loss of Rs. 1,077.39 lakhs in FY25 compared to a profit of Rs. 126.80 lakhs in FY24, with EPS turning negative at Rs. (64.72). The loss was driven by the Textile segment, which recorded a loss of Rs. 1,328.26 lakhs. The Engineering segment remained profitable at Rs. 154.01 lakhs. The Board also approved the closure of the underperforming Textile Division (which was already under temporary suspension) effective April 15, 2025, pending government approval. The statutory auditor issued an unmodified opinion but included an Emphasis of Matter paragraph highlighting the textile division closure.
This is a significant negative development for shareholders - the company has reported a full-year loss after the textile division's troubles and has decided to shut it down entirely. While the Engineering division remains profitable and operating cash flows are still positive (Rs. 415.68 lakhs), the scale of the loss and the strategic exit from textiles may weigh on the stock. Shareholders should monitor the closure process, recovery of the Rs. 253.77 lakhs textile contingent liability, and pending interest subsidy of Rs. 127.73 lakhs from the government.