Hanman Fit reports FY26 loss, auditor flags going concern risk
Hanman Fit Limited reported a net loss of ₹10.47 lakh for the financial year ended March 31, 2026, on total income of ₹32.93 lakh. The statutory auditor emphasized significant uncertainty regarding the company's ability to continue as a going concern due to accumulated losses of ₹893.37 lakh. The Board approved the audited results on May 29, 2026, and the company noted it is not required to prepare a statement of deviation as no shares were issued in the past three years.
*this image is generated using AI for illustrative purposes only.
Hanman Fit Limited reported a net loss of ₹10.47 lakh for the financial year ended March 31, 2026, with total income rising to ₹32.93 lakh from ₹18.28 lakh in the previous year. The company's accumulated losses stood at ₹893.37 lakh as of March 31, 2026, prompting the statutory auditor to highlight a significant uncertainty regarding the company's ability to continue as a going concern. The management is currently undertaking measures to revive gymnasium operations and strengthen brand presence, though the outcome remains subject to inherent uncertainties.
The Board of Directors approved the audited standalone financial results for the half-year and financial year ended March 31, 2026, during a meeting held on May 29, 2026. The approval was granted in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. B. L. Dasharda & Associates, the statutory auditor, issued an unmodified opinion on the financial statements but included an emphasis of matter paragraph regarding the accumulated losses and the need for new business avenues or revival of existing operations.
Financial Performance
The company's expenses for the full year totaled ₹43.40 lakh, a decrease from ₹100.36 lakh in the prior year. Employee benefits expense for the year was ₹16.39 lakh, while depreciation and amortization expenses amounted to ₹19.51 lakh. Other expenses reduced significantly to ₹7.45 lakh compared to ₹53.58 lakh in the previous year. Finance costs were nominal at ₹0.04 lakh. The basic and diluted earnings per share for the year were reported at a loss of ₹0.10 per share, compared to a loss of ₹0.78 per share in FY25.
Standalone Financial Results
| Particulars | Year Ended 31.03.2026 (₹ in lakhs) | Year Ended 31.03.2025 (₹ in lakhs) |
|---|---|---|
| Total Income | 32.93 | 18.28 |
| Total Expenses | 43.40 | 100.36 |
| Profit/Loss before Tax | (10.47) | (82.08) |
| Net Profit/Loss for the Period | (10.47) | (82.08) |
Assets and Liabilities
The total equity and liabilities as of March 31, 2026, stood at ₹259.79 lakh, slightly up from ₹253.02 lakh in the previous year. Shareholders' funds decreased to ₹156.63 lakh from ₹167.10 lakh, primarily due to the increase in accumulated losses. Current liabilities rose to ₹103.16 lakh from ₹85.92 lakh. On the assets side, total assets increased to ₹259.79 lakh, with non-current assets at ₹226.43 lakh and current assets at ₹33.37 lakh. Cash and cash equivalents improved to ₹32.18 lakh from ₹27.25 lakh in the prior year.
Historical Stock Returns for Hanman Fit
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | -14.11% | -15.53% | -29.41% | +114.74% |
What specific new business avenues is management exploring to diversify revenue streams beyond gymnasium operations?
Does the company have sufficient cash reserves to sustain operations until the proposed revival measures yield results?
Are there potential capital infusion plans or strategic partnerships on the horizon to offset the accumulated losses?
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