HMT FY26 results: standalone profit, consolidated loss, qualified audit opinion
HMT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
HMT posted standalone FY26 profit of Rs 16.69 cr vs Rs 16.10 cr last year. Revenue from operations dipped slightly to Rs 25.96 cr. Consolidated results show a wider net loss of Rs 131.54 cr vs Rs 143.06 cr, with group net worth fully eroded at minus Rs 2,022 cr. Auditor gave a qualified opinion citing inventory valuation issues, missing ECL provisioning, and lack of external confirmations. Subsidiary HMT Watches Ltd struck off in March 2026.
Negative: consolidated losses continue, net worth fully eroded, qualified audit raises concerns. Reliance on government support is critical.