HMT Board Approves Q2FY26 Financial Results; Consolidated Losses Reported, Net Worth Eroded
HMT Limited's board approved Q2FY26 standalone and consolidated financial results. Standalone showed profit, but consolidated reported significant losses and net worth erosion, despite government support for going concern.
The announcement of financial results, especially with substantial consolidated losses and complete erosion of net worth, is a high-impact event for investors. It reflects significant financial challenges for the company, despite the going concern assumption due to government support.
The consolidated financial results show significant losses for both the quarter and half-year, and the net worth of the HMT Group has been completely eroded. Although standalone results are positive, the overall consolidated performance and financial health are concerning, leading to a negative sentiment.
* The Board of Directors of HMT Limited, in their meeting held on November 13, 2025, approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. * Standalone Financial Highlights (Quarter ended September 30, 2025): * Revenue from Operations: ₹597 lakhs * Total Income: ₹2124 lakhs * Profit before Tax: ₹121 lakhs * Profit for the period from Continuing Operations: ₹121 lakhs * Basic and Diluted Earnings Per Share: ₹0.03 * Standalone Financial Highlights (Half-year ended September 30, 2025): * Revenue from Operations: ₹1212 lakhs * Total Income: ₹4241 lakhs * Profit before Tax: ₹1335 lakhs * Profit for the period from Continuing Operations: ₹1335 lakhs * Basic and Diluted Earnings Per Share: ₹0.38 * Consolidated Financial Highlights (Quarter ended September 30, 2025): * Revenue from Operations: ₹2583 lakhs * Total Income: ₹4198 lakhs * Loss before Tax: ₹(3908) lakhs * Loss for the period from Continuing Operations: ₹(3908) lakhs * Basic and Diluted Earnings Per Share: ₹(1.10) * Consolidated Financial Highlights (Half-year ended September 30, 2025): * Revenue from Operations: ₹5038 lakhs * Total Income: ₹7926 lakhs * Loss before Tax: ₹(6685) lakhs * Loss for the period from Continuing Operations: ₹(6685) lakhs * Basic and Diluted Earnings Per Share: ₹(1.88) * The company wrote off ₹1197 lakhs for uncertain/unrealizable interest on a loan provided to HMT Machine Tools Ltd for the period April 2025 to September 2025. * The net worth of the HMT Group has been completely eroded. However, the financial statements are prepared on a going concern basis considering the realizable value of non-current assets held for sale, support from the Government of India, and other business plans. * The operations of the subsidiary company, HMT Watches Limited, have been discontinued.
What to do with a filing like this
HMT Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by HMT Limited. Read the original for the full detail.