Hindoostan Mills Limited, one of the oldest textile companies in India reported consolidated net loss of Rs 3.54 crore (US $370,000) for the quarter ended 31st March 2026, compared with a profit of Rs 2.16 crore (US $225,000) in the corresponding quarter last year, impacted by continued losses from its discontinued textile operations.
Revenue from operations of Rs 40.7 crore (US $4.25 million) during the quarter was largely unchanged from Rs 40.8 crore (US $4.26 million) in the year-ago period, while showing sequential improvement from Rs 34.7 crore (US $3.62 million) recorded in Q3 FY ’26.
The Mumbai-based textile company noted that its engineering operations posted a pre-tax loss of Rs 1.52 crore (US $158,000) in Q4 FY ’26 compared with a loss of Rs 10.5 lakh (US $11,000) in the corresponding quarter last year.
According to HML’s financial results, total income declined to Rs 2.92 crore (US $305,000) during the quarter from Rs 4.29 crore (US $448,000) in Q4 FY ’25, primarily due to fair value losses on mutual fund investments and exceptional provisions related to discontinued operations.
Results reported a loss of Rs 1.95 crore (US $203,000) from discontinued textile operations in Q4 FY ’26, compared with a loss of Rs 2.05 crore (US $214,000) in the same quarter last year.
For FY ’26, the textile manufacturer focusing on cotton yarn and fabrics reported an 11.6% decline in revenue from operations to Rs 144.9 crore (US $15.15 million), compared with Rs 163.9 crore (US $17.13 million) in FY ’25. Total income also dropped to Rs 158.9 crore (US $16.61 million) compared with Rs 201.8 crore (US $21.09 million) in the previous year.
It posted a net loss of Rs 6.63 crore (US $693,000) for the year, against a higher loss of Rs 10.8 crore (US $1.13 million) in FY ’25, indicating a reduction in annual losses despite continued pressure from its textile segment.
Loss from discontinued textile operations during FY ’26 stood at Rs 5.55 crore (US $580,000) compared with Rs 13.2 crore (US $1.38 million) in FY ’25, while profit from continuing operations turned into a loss of Rs 1.07 crore (US $112,000) against a profit of Rs 2.39 crore (US $250,000) reported in the previous financial year.
HML stated that its textile division was formally closed after Maharashtra authorities issued a closure order in June 2025, following the board’s decision in April 2025 to exit the segment.
