Audited Financial Results for the year ended 31.03.2026
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Hindustan Motors Ltd reported audited financial results for FY2026 with total income of Rs 1,226 lakh, down significantly from Rs 2,438 lakh in the previous year. The company reported profit before exceptional items of Rs 830.32 lakh but posted zero net profit after tax due to an exceptional item of Rs 835 lakh. This exceptional charge relates to the Government of West Bengal resuming and taking possession of the Uttarpara factory land during the year, despite the company filing a petition in the Supreme Court which was rejected on 16 July 2025. The auditor issued a qualified opinion citing material uncertainty about the company's ability to continue as a going concern, noting the company has no operations since 2014. Despite accumulated losses of Rs 10,059.45 lakh, the company's net worth improved to Rs 3,186.19 lakh and it remains debt-free. The company is seeking new business partners to monetize remaining assets.
The qualified audit opinion on going concern and loss of Uttarpara land signal significant operational challenges. While the company maintains a positive cash position and reduced accumulated losses, the lack of active operations and legal setbacks regarding land make the investment outlook highly uncertain. Shareholders should monitor any revival plans or new business partnerships.