Hindustan Appliances reports net loss for FY26
Hindustan Appliances Limited reported a consolidated net loss of ₹5.27 lakh for FY26, reversing the previous year's profit. The board approved the audited financial results, proposed the reappointment of Mr. Kalpesh Rameshchandra Shah, and recommended the appointment of Ms. Julie Mehul Shah as director. The company recognized significant employee benefit obligations due to New Labour Codes and did not recommend a dividend for the year.
*this image is generated using AI for illustrative purposes only.
Hindustan Appliances Limited reported a consolidated net loss of ₹5.27 lakh for the financial year ended March 31, 2026, reversing the profit of ₹5.92 lakh recorded in the previous year. The company’s board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during a meeting held on May 29, 2026. The statutory auditors, M/s. A D V & Associates, issued an audit report with an unmodified opinion on the financial statements, confirming they give a true and fair view in conformity with Indian Accounting Standards (Ind AS).
Financial Performance
For the quarter ended March 31, 2026, the company reported a standalone net loss of ₹13.18 lakh, compared to a standalone net profit of ₹2.29 lakh in the corresponding period of the previous year. Total revenue for the standalone quarter stood at ₹14.45 lakh, while consolidated revenue for the year was ₹60.76 lakh. The company recognized a gratuity defined benefit obligation of ₹16.75 lakh and a compensated leave obligation of ₹483 lakh as at March 31, 2026, following the implementation of New Labour Codes.
Board Decisions and Appointments
The board proposed the reappointment of Mr. Kalpesh Rameshchandra Shah, who retires by rotation, as director. Furthermore, the board approved the appointment of Ms. Julie Mehul Shah as a director, liable to retire by rotation, subject to shareholder approval. Ms. Shah was initially appointed as an Additional Director effective August 7, 2025.
Corporate Actions
The Register of Members will remain closed from June 19, 2026, to June 25, 2026, for the Annual General Meeting (AGM). The AGM is scheduled for June 25, 2026. The board did not recommend any dividend for the financial year ended March 31, 2026.
Financial Metrics
The following table summarizes the key financial figures for the year ended March 31, 2026:
| Particulars | Standalone (₹ in Lakhs) | Consolidated (₹ in Lakhs) |
|---|---|---|
| Total Revenue | 14.45 | 60.76 |
| Total Expenses | 32.92 | 13.37 |
| Profit/(Loss) before tax | (18.47) | (10.56) |
| Net Profit/(Loss) for the year | (13.18) | (5.27) |
| Earnings per share (Basic) | (0.14) | (0.06) |
Historical Stock Returns for Hindustan Appliances
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.49% | -1.03% | +0.33% | -29.86% | -6.60% | +4,353.64% |
How will the company manage the significant ₹483 lakh compensated leave obligation following the implementation of New Labour Codes?
What strategic initiatives are planned to reverse the recent financial downturn and return to profitability in FY2027?
Will the reappointment of Mr. Kalpesh Shah and the appointment of Ms. Julie Shah bring any changes to the company's strategic direction?
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