Audited Results for the year ended 31.03.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hindustan Motors reported a 50% decline in total income to Rs 1,226 lakh for FY26 from Rs 2,438 lakh in FY25. Revenue from operations dropped to Rs 1,226 lakh from Rs 2,438 lakh previously. The company posted a net loss of Rs 8.68 lakh compared to a net profit of Rs 1,557 lakh in the prior year. EPS for the year stood at Rs 0.00. Exceptional items of Rs 839 lakh were recorded due to the write-off of Property, Plant and Equipment after the Government of West Bengal resumed possession of the Uttarpara factory land. The auditor issued a qualified opinion citing material uncertainty about the company's ability to continue as a going concern. The company has had no operations since 2014 when it suspended work at its Uttarpara plant and is currently seeking new business partners or technology partners to utilize its remaining assets.
The qualified audit opinion and going concern uncertainty are serious red flags for investors. Despite some improvement in net worth to Rs 3,186 lakh (from negative Rs 1,633 lakh in 2023), the company has no operating business and heavy contingent tax liabilities pending. The stock carries high risk given no revenue-generating operations and ongoing legal disputes with the West Bengal government.