OUTCOME OF BOARD MEETING

Going-concern doubtQualified audit opinionRevenue declinedRelated-party transactionsResults View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹18.48

prior close

₹18.59

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-0.4% vs market

Passenger Cars & Utility Vehicles peers, median of 6sector-0.9%+0.4% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.4 pts more than its Passenger Cars & Utility Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-0.8

15m

-1.0

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5-0.1-0.4-0.9+0.4

Next day

-0.3-0.2-0.1-1.3+1.0

-1.4+0.4-1.8-0.6-0.8

-2.1-0.4-1.7-0.6-1.5

-2.2-0.6-1.6-0.0-2.1

-2.7-0.9-1.8-1.7-1.0

-7.0-3.0-4.0-3.8-3.3

15d

-5.7-3.9-1.8-1.6-4.0

-8.2-4.8-3.3-3.8-4.4

-0.9-7.8+6.9-3.1+2.2

-8.7-7.2-1.4-5.8-2.9

UpDownMarket · Nifty Microcap 250Sector · Passenger Cars & Utility Vehicles peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Hindustan Motors reported Q2 FY26 revenue from operations of Rs 79 lakh, down from Rs 166 lakh a year ago, with near-breakeven net profit of Rs 4 lakh versus Rs 486 lakh in Q2 FY25. Half-yearly PAT fell sharply to Rs 420 lakh from Rs 1,294 lakh. The company remains debt-free on financial debt but its Uttarpara plant has been shut since 2014, and the West Bengal government has resumed and taken possession of the 395-acre factory land after the company lost its appeal up to the Supreme Court in July 2025. The statutory auditor (KAMG & Associates) issued a qualified review report citing material uncertainty on the company's ability to continue as a going concern. The company says it is in the black on net worth (Rs 3,604.60 lakh as of Sept 2025) and is exploring new business/technology partners to revive operations.

Likely market impact

Negative overhang for shareholders – the auditor has flagged a going-concern qualification, core manufacturing remains suspended, and revenue/profits have collapsed sharply. However, the company is debt-free, net worth has turned positive, and it is actively seeking new business partnerships which, if materialised, could be a turnaround trigger.