Hindoostan Mills Ltd Announces Q3 Results; Confirms Reappointment of Joint Managing Director
Hindoostan Mills Ltd reported its unaudited financial results and a "Limited Review" report for the quarter ended June 30, 2026. In corporate governance news, the Board of Directors meeting held on August 7, 2026, approved the reappointment of Mr. Abhimanyu J. Thackersey as the Joint Managing Director for a further period of three years.The financial results show the company's performance across continuing and discontinued operations during the quarter. The independent auditor conducted a review of the unaudited quarterly statement, stating that the information provided contained no material misstatement and disclosed all required details according to accounting standards.
Leadership Reappointment Details
The Board of Directors approved the reappointment of Mr. Abhimanyu J. Thackersey (DIN: 00349682) as Joint Managing Director. The appointment is effective from February 08, 2027, and is set for a term spanning three years, subject to confirmation by shareholders at the Annual general meeting scheduled on September 10, 2026.Mr. Thackersey's profile includes being an Economics Graduate from The University of Michigan-Ann Arbor. He has prior experience with the company, having served as Executive Director from February 08, 2021, and previously held roles including managing the textile business and leading the foray into technical textiles during his tenure as Executive director between May 9, 2011, and September 7, 2017.
Financial Performance Summary (Rs in Lakhs)
The company’s results for the quarter ended June 30, 2026, show a significant loss in net profit for the period. The performance metrics across continuing operations are detailed below:| Particulars | Qtr Ended 30.06.2026 (Unaudited) | Qtr Ended 31.03.2026 (Audited) | Qtr Ended 30.06.2025 (Unaudited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Total Income | 314.53 | 291.51 | 511.54 | 1,589.69 |
| Total Revenue from operations | 202.15 | 407.03 | 357.65 | 1,449.26 |
| Net (Loss) for the period | (58.26) | (354.03) | (119.08) | (662.68) |
| Basic & Diluted EPS (Continuing Operations) | (0.73) | (9.53) | 6.29 | (6.45) |
Discontinued Textile Operations Overview
The results for the discontinued textile operations are provided separately, detailing income and expenses across various periods:| Particulars | Qtr ended 30.06.2026 | Qtr ended 31.03.2026 | Qtr ended 30.06.2025 | Year ended 31.03.2026 |
|---|---|---|---|---|
| Income | 1.20 | 1.56 | 259.72 | 263.89 |
| Less: Expenses | 47.35 | 196.93 | 483.50 | 819.18 |
| Net (Loss) before tax | (46.15) | (195.37) | (223.78) | (555.29) |
The company's operations now consist solely of the Engineering Division, and there is no segment disclosure required for this business unit.
Stock Price Movement
As of 12:13, shares of Hindoostan Mills Ltd are edging higher at ₹164.00, reflecting a gain of +0.92%. The stock spent the morning trading within an intraday range, moving from a low of ₹162.50 to its current high.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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