Unaudited financial results for the quarter/nine months ended 31-12-2025
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Hindoostan Mills reported total revenue from operations of Rs 346.95 lakhs for Q3 FY26 (down from Rs 369.77 lakhs in Q3 FY25) and Rs 1,042.23 lakhs for the nine-month period (down from Rs 1,230.65 lakhs YoY), with the decline mainly because the textile division has been classified as discontinued. Continuing operations (now only Engineering) posted a profit before tax of Rs 10.12 lakhs in Q3 vs Rs 4.61 lakhs a year ago, but 9M PBT fell sharply to Rs 51.27 lakhs from Rs 249.79 lakhs. Discontinued textile operations dragged the company to a net loss of Rs 41.88 lakhs in Q3 and Rs 308.65 lakhs for 9M, though both are much improved from last year's Rs 196.12 lakhs and Rs 861.73 lakhs respectively. Separately, the Board approved selling machinery of its Karad textile unit at a floor price of Rs 15 crores (net block Rs 5.65 crores), subject to shareholder approval via postal ballot. The textile division was shut down earlier in FY26 and all workers were retrenched; the company is now a single-segment Engineering business.
Shareholders should note the company is now essentially an engineering business after exiting textiles, so historical comparisons are not meaningful. The textile machinery sale, if completed at floor price, could bring in Rs 15 crores (a meaningful gain over the Rs 5.65 crores net block) and strengthen the balance sheet, but the timing stretches to March 2028. Persistent net losses and a pending arbitration claim of Rs 15.97 crores plus interest remain key risks for minority investors.