HMT Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
HMT · price
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Awaiting price reaction for this filing.
HMT Limited filed its Q1 FY26 results on August 13, 2025. On a standalone basis, the company reported a profit after tax of Rs. 1,218 lakhs on total income of Rs. 2,117 lakhs, with revenue from operations rising to Rs. 615 lakhs from Rs. 509 lakhs in Q1 FY25. On a consolidated basis, the picture is far weaker: revenue from operations fell to Rs. 2,455 lakhs from Rs. 3,175 lakhs, and the group posted a net loss of Rs. 2,777 lakhs versus a loss of Rs. 2,894 lakhs in the same quarter last year. Critically, the consolidated results note that the group's networth has been completely eroded, with negative other equity of Rs. 2,25,350 lakhs, and the company has prepared accounts on a going concern basis relying on government support and sale of non-current assets. The subsidiary HMT Watches Limited has been classified as discontinued operations following CCEA approval. Auditor MKPS & Associates issued an unmodified limited review report.
Negative for shareholders — despite a standalone profit, the consolidated entity remains deep in losses with a fully eroded networth and an explicit going concern flag, indicating the stock carries significant financial risk despite government backing. The sharp decline in consolidated revenue and continued quarterly losses suggest no near-term turnaround in the core group performance.