Hindustan Motors reports net worth of ₹3,205.37 lakh in FY26

Hindustan Motors Limited reported a net worth of ₹3,205.37 lakh for the financial year ended March 31, 2026, as accumulated losses reduced significantly from ₹25,218.07 lakh in March 2017. The company filed statements on the impact of audit qualifications with BSE Limited on June 11, 2026, confirming that the adjusted financial figures remained unchanged from the audited figures reported earlier. The statutory auditor, KAMG & Associates, issued a qualified opinion regarding the company's ability to continue as a going concern, citing the resumption of land by the Government of West Bengal and a lack of operations.

The company’s total income for FY26 stood at ₹1,226 lakh, while total expenditure was ₹395.87 lakh, resulting in a net profit of ₹14.98 lakh. The balance sheet shows total assets of ₹5,524.54 lakh and total liabilities of ₹2,319.17 lakh. Management attributed the reduction in losses to cost rationalisation following the suspension of work at the Uttarpara plant and the absence of external borrowings. The company stated it is debt-free regarding financial debt and has sufficient liquidity to meet its liabilities.

Financial Performance

The financial results for the year ended March 31, 2026, reflect a turnaround compared to the previous year. The company reported a basic and diluted earnings per share of ₹0.00. The exceptional items for the year included a write-off of ₹835 lakh related to the property, plant, and equipment resumed by the West Bengal government.

Particulars	Year ended 31-03-2026 (₹ in Lakhs)	Year ended 31-03-2025 (₹ in Lakhs)
Total Income	1,226	2,438
Total Expenses	396	570
Profit before Exceptional Items & Tax	830	1,868
Exceptional Items	(835)	-
Net Profit / (Loss) after tax	(2)	1,557
Total Assets	5,524.54	6,424.73
Total Equity and Liabilities	5,524.54	6,424.73

Audit Qualifications and Going Concern

KAMG & Associates, the statutory auditor, highlighted a material uncertainty regarding the company's status as a going concern. The qualification arose because the Government of West Bengal resumed possession of the Uttarpara factory land during the year, leading the company to write off the property. The auditor noted that the company has incurred losses and lacks long-term operations.

However, the management maintains the going concern basis based on several factors. These include plans to file a review petition to grant a portion of land under Section 6(1)(c) of the West Bengal Estates Acquisition Act, 1953, and the exploration of new business avenues. Additionally, the company emphasized that its net worth improved from a negative ₹1,632.50 lakh in March 2023 to a positive ₹3,205.37 lakh in March 2026.

Regulatory Disclosures

The Board of Directors approved the audited financial results on May 28, 2026. The company confirmed that it has no subsidiaries, associates, or joint ventures. The auditor also reported that the company has an adequate internal financial controls system over financial reporting that was operating effectively as of March 31, 2026. The filing was made in compliance with Regulation 33 of the SEBI (LODR) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.20%	-1.98%	-13.10%	-1.06%	-49.56%	+86.35%

Hindustan Motors narrowed its net loss to ₹2 lakh for the financial year ended March 31, 2026, a substantial recovery from the net loss of ₹71 lakh reported in the previous year. For the quarter ended March 31, 2026, the company reported a net loss of ₹429 lakh. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.

Financial Performance

The company reported total income of ₹1226 lakh for FY26, compared to ₹106 lakh in the previous year. For the quarter ended March 31, 2026, total income stood at ₹504 lakh. The company recorded a profit before tax and exceptional items of ₹830 lakh for the year, compared to a loss of ₹88 lakh in the previous year.

Particulars	Year ended March 31, 2026 (₹ in Lakhs)	Year ended March 31, 2025 (₹ in Lakhs)
Total Income	1226	106
Net Profit/(Loss) before tax and exceptional items	830	(88)
Net Profit / (Loss) after tax (after exceptional items)	(2)	(71)

Operational and Strategic Updates

The Government of West Bengal resumed and took possession of the land comprising the factory at Uttarpara during the year. Consequently, the company wrote off property, plant, and equipment valued at ₹839.07 lakh, recorded as an exceptional item. The company stated it has been rationalizing costs post-suspension of work at the Uttarpara plant and is seeking new business or technology partners to capitalize on remaining assets.

Auditor’s Report and Going Concern

Statutory auditors KAMG & Associates issued a qualified opinion on the financial statements. The qualification cites material uncertainty regarding the company's ability to continue as a going concern due to the resumption of the Uttarpara land and the company's history of losses. Despite this, the company continues to prepare its financial statements on a going concern basis. The auditors also noted significant pending disputed claims, including taxes, which are under adjudication at various forums.

Corporate Governance

Mrs. Vishakha Gupta, Company Secretary and Compliance Officer, has resigned and will be relieved from her responsibilities effective July 6, 2026. The company confirmed it does not have any subsidiary, associate, or joint venture as of March 31, 2026.