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Hindoostan Mills Q2 FY27 results: net loss narrows to ₹0.74 crore, revenue down 33.4%
Hindoostan Mills Ltd reported standalone revenue of ₹2.19 crore and a net loss of ₹0.74 crore for Q2 FY27. The EBITDA margin was -39.9%, while the net loss narrowed from Q2 FY26 but increased from Q1 FY27.
Key points
- Standalone revenue was ₹2.19 crore in Q2 FY27, down 33.4% from ₹3.29 crore in Q2 FY26.
- The company reported an EBITDA loss of ₹0.87 crore and an EBITDA margin of -39.9% in Q2 FY27.
- Net loss was ₹0.74 crore, compared with a net loss of ₹1.48 crore in Q2 FY26 and ₹0.58 crore in Q1 FY27.
- Basic EPS was -4.47 for Q2 FY27, compared with -8.87 in Q2 FY26 and -3.50 in Q1 FY27.
- Other income was ₹0.01 crore in Q2 FY27, down from ₹0.16 crore a year earlier; no exceptional item was reported.
How did Hindoostan Mills perform in Q2 FY27?
Hindoostan Mills reported standalone revenue of ₹2.19 crore for Q2 FY27, down 33.4% from ₹3.29 crore in Q2 FY26. The EBITDA loss was ₹0.87 crore, compared with an EBITDA loss of ₹0.40 crore, while the EBITDA margin fell to -39.9% from -12.0%. The net loss was ₹0.74 crore and basic EPS was -4.47, against a net loss of ₹1.48 crore and basic EPS of -8.87 a year earlier.
Against Q1 FY27, revenue rose 8.4% to ₹2.19 crore from ₹2.02 crore. The EBITDA loss remained ₹0.87 crore and the EBITDA margin improved to -39.9% from -43.1%, while the net loss increased to ₹0.74 crore from ₹0.58 crore and basic EPS declined to -4.47 from -3.50. The filing presents standalone results and separately reports results from discontinued textile operations.
Total income from continuing operations was ₹2.20 crore in Q2 FY27, down 36.4% from ₹3.46 crore in Q2 FY26 and 30.2% from ₹3.15 crore in Q1 FY27. The company reported a loss before tax from continuing operations of ₹1.22 crore, compared with ₹0.64 crore in Q2 FY26 and ₹0.12 crore in Q1 FY27.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 2.19 | 2.02 | 3.29 | −33.4% | +8.4% |
| Other income | 0.01 | 1.12 | 0.16 | −93.8% | −99.1% |
| Total expenses | 3.42 | 3.27 | 4.10 | −16.6% | +4.6% |
| EBITDA | −0.87 | −0.87 | −0.40 | ||
| EBITDA margin | -39.9% | -43.1% | -12.0% | −27.9 pp | +3.2 pp |
| Profit before tax | −1.22 | −0.12 | −0.64 | ||
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.74 | −0.58 | −1.48 | ||
| EPS (₹) | −4.47 | −3.50 | −8.87 |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Hindoostan Mills' costs and profit?
Total expenses fell to ₹3.42 crore in Q2 FY27 from ₹4.10 crore in Q2 FY26, although they rose from ₹3.27 crore in Q1 FY27. Cost of materials consumed fell to ₹0.88 crore from ₹1.44 crore a year earlier but rose from ₹0.58 crore in the previous quarter; employee cost was ₹1.30 crore, finance cost was ₹0.01 crore, depreciation was ₹0.35 crore and other expenses were ₹0.86 crore.
Other income declined to ₹0.01 crore from ₹0.16 crore in Q2 FY26 and ₹1.12 crore in Q1 FY27. The filing states that other income includes a fair value loss on mutual fund investment of Rs. (12.65) lakhs for the quarter ended 30 September 2026. No exceptional item was reported, and tax expense was unchanged at ₹0 crore compared with both comparison periods.
The year-on-year reduction in expenses was accompanied by lower other income, while the net loss narrowed from ₹1.48 crore to ₹0.74 crore. The filing identifies the Engineering Division as the company’s only segment and separately presents discontinued textile operations.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0.88 | 1.44 | −0.56 | −38.9% |
| Employee cost | 1.30 | 1.29 | +0.01 | +0.8% |
| Finance costs | 0.01 | 0.02 | −0.01 | −50.0% |
| Depreciation | 0.35 | 0.39 | −0.04 | −10.3% |
| Other expenses | 0.86 | 0.82 | +0.04 | +4.9% |
| Total expenses | 3.42 | 4.10 | −0.68 | −16.6% |
| Other income | 0.01 | 0.16 | −0.15 | −93.8% |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, standalone revenue was ₹4.21 crore, down 37.6% from ₹6.75 crore in H1 FY26, while total income was ₹5.34 crore, down 36.9% from ₹8.46 crore. The company reported a loss before tax of ₹1.34 crore, compared with profit before tax of ₹0.41 crore in H1 FY26.
The net loss was ₹1.33 crore in H1 FY27, compared with a net loss of ₹2.67 crore in H1 FY26. Basic EPS was -7.97 for H1 FY27; the H1 FY26 EPS comparison is not provided in the figures.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 4.21 | 6.75 | −37.6% |
| Profit before tax | −1.34 | 0.41 | turned to loss |
| Net profit | −1.33 | −2.67 | |
| EPS (₹) | −7.97 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹46.49 crore, compared with ₹45.49 crore at 31 March 2026. Total equity was ₹31.50 crore against ₹32.83 crore, while cash and cash equivalents were ₹1.36 crore at both dates. Borrowings were ₹0.00 crore at both dates. Inventories rose to ₹3.90 crore from ₹3.43 crore, trade receivables fell to ₹1.85 crore from ₹3.23 crore, and trade payables declined to ₹2.25 crore from ₹3.00 crore.
H1 FY27 operating cash flow was -₹1.04 crore, compared with -₹6.11 crore in H1 FY26. Investing cash flow was ₹1.38 crore against ₹5.62 crore, financing cash flow was -₹0.34 crore against -₹0.31 crore, and capital expenditure was ₹0.08 crore against ₹0.92 crore. Closing cash for the two periods is not provided in the figures.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 46.49 | 45.49 |
| Total equity | 31.50 | 32.83 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 1.36 | 1.36 |
| Inventories | 3.90 | 3.43 |
| Trade receivables | 1.85 | 3.23 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1.04 | −6.11 |
| Cash from investing | 1.38 | 5.62 |
| Cash from financing | −0.34 | −0.31 |
| Capital expenditure | 0.08 | 0.92 |
Source: Company's results filing (XBRL).
How has Hindoostan Mills done over the last 8 quarters?
Revenue declined from ₹5.58 crore in Q3 FY25 to ₹2.19 crore in Q2 FY27, with the lowest quarterly revenue at ₹2.02 crore in Q1 FY27. Revenue recovered from that low in the latest quarter, while the EBITDA margin moved from a peak of 0.9% in Q4 FY26 to -43.1% in Q1 FY27 and -39.9% in Q2 FY27.
The net loss was lowest at ₹0.42 crore in Q3 FY26 and highest at ₹3.54 crore in Q4 FY26. In Q2 FY27, the net loss was ₹0.74 crore, compared with ₹0.58 crore in Q1 FY27, while revenue was higher at ₹2.19 crore than ₹2.02 crore in the previous quarter.
How did Hindoostan Mills shares react?
The stock was down 5.5% on the reaction day from the previous close of ₹165.00, with a base price of ₹155.95. The move was 6.8 percentage points below the Other Textile Products industry median of 1.2%; no one-day or five-day cumulative reaction figures are provided. The stock was unchanged 30 minutes after the filing appeared.
Earlier reaction-day moves were mixed: the stock fell 1.5% on 7 August 2026, rose 2.7% on 12 May 2026 and 3.6% on 10 February 2026, and moved down 0.1% on 12 November 2025. Other prior results-day moves included a rise of 9.2% on 6 August 2025 and a fall of 5.9% on 9 August 2024.
| After the filing | Stock | Other Textile Products median |
|---|---|---|
| 30 minutes | +0.0% | |
| Reaction day | −5.5% | +1.2% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 7 August 2026 | −1.5% |
| 12 May 2026 | +2.7% |
| 10 February 2026 | +3.6% |
| 12 November 2025 | −0.1% |
| 6 August 2025 | +9.2% |
| 14 May 2025 | +1.4% |
| 9 August 2024 | −5.9% |
| 23 May 2024 | +5.0% |
Source: MarketPing price-reaction measurement.
How did other Other Textile Products companies do?
Among 70 other Other Textile Products companies that filed for the quarter, the median revenue growth was 24.3%. Seven peers grew slower than Hindoostan Mills, while 63 peers grew faster than the company. Fifty peers reported higher profit, based on 72 peers for which profit was compared.
| Hindoostan Mills revenue growth (YoY) | −33.4% |
|---|---|
| Median of 70 other Other Textile Products companies | +24.3% |
| Companies with slower revenue growth than Hindoostan Mills | 7 of 70 |
| Companies with faster revenue growth than Hindoostan Mills | 63 of 70 |
| Companies whose net profit rose | 50 of 72 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Hindoostan Mills' revenue in Q2 FY27?
Revenue from operations was ₹2.19 crore, down 33.4% from ₹3.29 crore in Q2 FY26 (standalone).
Did Hindoostan Mills make a profit in Q2 FY27?
No. It reported a net loss of ₹0.74 crore, against a net loss of ₹1.48 crore in Q2 FY26.
What was Hindoostan Mills' EPS in Q2 FY27?
Basic loss per share was ₹4.47, against a loss of ₹8.87 in Q2 FY26.
How did Hindoostan Mills shares react to the Q2 FY27 results?
On the reaction day the stock moved −5.5% from the previous close; the median Other Textile Products stock moved +1.2%.
When did Hindoostan Mills announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of Unaudited Financial Results For Quarter And Half Year Ended September 30, 2026 (BSE, 27 October 2026) · PDF
- Board Meeting Outcome for UNAUDITED FINANCIAL FINANCIAL RESULTS FOR THE QUARTER/HALF YEAR ENDED 30-09-2026 (BSE, 4 November 2026) · PDF
- UNAUDITED FINANCIAL RESULTS FOR THE QUARTER/HALF YEAR ENDED 30-09-2026 (BSE, 4 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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