Financial Results-31.03.2025
HMT · price
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HMT Limited, a Government of India undertaking, reported its audited FY25 results on July 23, 2025. On a standalone basis, revenue from operations fell sharply to Rs 2,617 lakhs from Rs 4,791 lakhs in FY24, with the company swinging to a Q4 standalone loss of Rs 188 lakhs (vs profit of Rs 1,408 lakhs a year ago). Full-year standalone PAT dropped to Rs 1,610 lakhs from Rs 2,442 lakhs. On a consolidated basis, the group posted a net loss of Rs 14,306 lakhs (continuing operations), wider than the Rs 13,008 lakhs loss in FY24, with negative other equity of Rs 225,350 lakhs meaning net worth is completely eroded. The company has used the going concern basis, citing realisable value of assets held for sale, Government of India support, and business plans. The statutory auditor (GRSM & Associates) issued a qualified opinion on both standalone and consolidated results, flagging inventory valuation issues, non-application of the expected credit loss model, missing external confirmations, pending GST input tax credit reconciliation, and delay/default in gratuity and statutory dues at the subsidiary HMT Machine Tools Limited.
Shareholders should note this is a deeply stressed PSU with eroded net worth, consecutive losses, negative operating cash flows, and a qualified audit opinion, making the stock high-risk despite the going concern assumption being supported by Government of India backing.