UNAUDITED RESULTS FOR THE QUARTER ENDED 30.09.2025
Price
▲ 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 very small revenue of Rs.79 lakh in Q2 FY26 (vs Rs.166 lakh in Q2 FY25) and Rs.166 lakh for H1 FY26 (vs Rs.225 lakh in H1 FY25), with sales limited to scrap since the Uttarpara plant has been suspended since May 2014. Net profit for H1 FY26 was Rs.420 lakh, well below Rs.1,294 lakh in H1 FY25, largely propped up by write-backs of old liabilities (notably Rs.361.73 lakh of Uttarpara municipal tax). The auditor (KAMG & Associates) issued a Qualified Conclusion, flagging material uncertainty about the company's ability to continue as a going concern after the West Bengal government resumed 395 acres of land — a decision upheld by the Supreme Court in July 2025, with the state taking physical possession on 11 July 2025. The company is debt-free on financial borrowings, has reduced accumulated losses to Rs.10,752 lakh (from Rs.25,218 lakh in 2017), and is exploring new business partners and revenue avenues.
Negative for shareholders: the qualified auditor report, going-concern flag, and confirmed loss of the Uttarpara land (the company's main historical asset) raise serious questions about future viability, even though the balance sheet shows positive net worth and no financial debt for now.