APPROVED AUDITED FINANCIAL RESULTS FOR THE QUARTER/YEAR ENDED MARCH 31, 2026
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Hindoostan Mills reported a net loss of Rs. 1,662.68 lakhs for FY26 (vs loss of Rs. 1,097.45 lakhs in FY25). The company shut down its Textile Division in April 2025, which contributed a pre-tax loss of Rs. 555.29 lakhs including Rs. 158.73 lakhs retrenchment compensation and Rs. 112.39 lakhs electricity duty provision. Continuing Engineering operations saw revenue decline to Rs. 1,449.26 lakhs from Rs. 1,638.80 lakhs, with an operating loss of Rs. 100.42 lakhs. Operating cash flow turned negative at Rs. 953.65 lakhs. The company has classified textile assets as held for sale. Auditor issued an unmodified opinion. Deferred tax assets were not created due to uncertainty of future taxable profits.
The stock faces pressure due to massive net loss, negative operating cash flow, and declining revenues from the surviving engineering division. The textile division closure creates ongoing uncertainties including pending labour cases and legal disputes.