Hindoostan Mills
165.45
+3.35(+2.07%)
Market Cap₹27.46 Cr
PE Ratio-4.06
IndustryTextiles
Company Performance:
1D+2.07%
1M+0.27%
6M-6.07%
1Y-12.16%
5Y-43.03%
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More news about Hindoostan Mills
06Aug 25
Hindoostan Mills Reports Profit in Continuing Operations Amid Textile Division Closure
Hindoostan Mills Limited announced its Q1 FY2024 results, showing a profit of Rs. 104.70 lakhs from continuing operations (Engineering segment) compared to a loss in the previous quarter. However, the company reported an overall net loss of Rs. 119.08 lakhs due to losses from discontinued textile operations. The Textile Division has been closed following a Board decision on April 15, with final closure order received on June 19. All workers from the discontinued division have been retrenched. Net sales from operations decreased to Rs. 341.26 lakhs from Rs. 383.12 lakhs in the preceding quarter. The company now operates solely in the Engineering segment.
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Hindoostan Mills
165.45
+3.35
(+2.07%)
1 Year Returns:-12.16%
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