APPROVAL OF AUDITED FINANCIAL RESULTS FOR THE QUARTER/YEAR ENDED MARCH 31, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hindoostan Mills Ltd reported a net loss of Rs. 1,632.90 lakhs for FY26, a significant decline from Rs. 164.72 lakhs profit in FY25. Total revenue from continuing operations fell 21% to Rs. 1,589.69 lakhs from Rs. 2,018.41 lakhs. The company closed its Textile Division in April 2025, which contributed a loss of Rs. 555.29 lakhs in FY26, including retrenchment compensation of Rs. 158.73 lakhs and a new electricity duty provision of Rs. 112.39 lakhs. Operating cash flow turned negative at Rs. 953.65 lakhs. Auditors issued an unmodified (clean) opinion. The company now operates only its Engineering Division.
The stock may face selling pressure due to the large net loss, revenue decline, and negative operating cash flow. The closure of the Textile Division is a major restructuring that removes a loss-making business but creates one-time costs and ongoing liabilities.