Hindoostan Mills
171.00
+0.50(+0.29%)
Market Cap₹28.30 Cr
PE Ratio-2.56
IndustryTextiles
Company Performance:
1D+0.29%
1M-6.17%
6M-10.94%
1Y-26.10%
5Y-14.37%
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Latest news about Hindoostan Mills
Hindoostan Mills Reports Profit in Continuing Operations Amid Textile Division Closure Aug 06, 2025
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.