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Awaiting price reaction for this filing.
Hira Automobiles reported sharply weaker Q2 FY26 results. Revenue from operations fell to Rs. 2,667.33 lakhs versus Rs. 4,940.55 lakhs in Q2 FY25, a year-on-year decline of around 46%, and also dropped steeply from Rs. 5,802.85 lakhs in the preceding Q1 FY26. Total revenue for the quarter stood at Rs. 2,668.09 lakhs (vs Rs. 5,804.97 lakhs YoY). Profit before tax fell to Rs. 12.79 lakhs (vs Rs. 49.95 lakhs YoY) and net profit for the quarter declined to Rs. 9.16 lakhs (vs Rs. 36.95 lakhs YoY). For the half-year ended September 2025, total revenue was Rs. 4,943.29 lakhs and net profit was Rs. 13.90 lakhs, both materially lower than the prior-year period. Finance costs of Rs. 167.56 lakhs in the quarter remain a heavy burden relative to operating profit. Operating cash flow was positive at Rs. 914.93 lakhs, but the overall cash balance declined by Rs. 154.89 lakhs due to financing outflows. Related party transactions with Managing Director Rahulinder Singh Sidhu were disclosed.
Sharp sequential and year-on-year decline in both revenue and profits is a negative signal for the stock. Combined with very high leverage (total borrowings of ~Rs. 7,456 lakhs against equity of ~Rs. 1,460 lakhs, D/E around 5x), shareholders should expect weak sentiment and monitor whether the business can stabilise in coming quarters.