OUTCOME OF BOARD MEETING
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.
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.