Hindustan Motors narrows net loss to ₹2 lakh in FY26
Hindustan Motors reported a narrowed net loss of ₹2 lakh for FY26, improving from a loss of ₹71 lakh in the previous year, with total income rising to ₹1226 lakh. The Board approved the audited financial results on May 28, 2026, while the company continues to face going concern uncertainties due to the Uttarpara land possession.
*this image is generated using AI for illustrative purposes only.
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.
Historical Stock Returns for Hindustan Motors
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.58% | +1.78% | +0.76% | -4.99% | -40.95% | +110.44% |
What specific sectors or industries is Hindustan Motors targeting for potential new business or technology partnerships?
How does the company plan to address the auditors' material uncertainty regarding its ability to continue as a going concern?
What is the expected timeline for resolving the significant pending disputed tax claims mentioned in the auditor's report?
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