Please find enclosed above results for the FY and quarter ending 31-03-2026.
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Awaiting price reaction for this filing.
Hira Automobiles Ltd reported annual revenue of Rs. 13,792.04 lakhs for FY 2025-26, down significantly from Rs. 21,150.58 lakhs in the previous year—a decline of about 35%. Net profit fell to Rs. 20.27 lakhs from Rs. 78.12 lakhs, while Q4 FY26 showed a net loss of Rs. 5.18 lakhs. The statutory auditor issued an unmodified opinion but explicitly raised a going concern issue: one lender classified borrowings as SMA-2 and subsequently as NPA after year-end, leading Maruti Suzuki India Ltd to temporarily stop vehicle supplies. The company also closed its Mul韶 cluster and other unprofitable branches during the year. Additionally, promoter shareholding exceeds the 75% regulatory limit, attracting a penalty of Rs. 10,000 per day.
The stock faces serious risks due to going concern doubts, loss of key supplier (Maruti Suzuki), revenue decline, and regulatory penalties. Existing shareholders and potential investors should exercise extreme caution given the company's precarious financial position and operational challenges.