HP Cotton Textile Mills Reports Q1 Results and Approves Re-appointment of Independent Director
HP Cotton Textile Mills Ltd has released its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors reviewed these consolidated and standalone financial statements during a meeting held on August 7, 2026. Furthermore, the company approved the re-appointment of Mr. Vikram Sumatilal Sheth as an Independent Director.The consolidated unaudited results were reviewed by the Audit Committee and the statutory auditors. The statements detail the operational performance across both entities: HP Cotton Textile Mills Limited (the Parent) and its subsidiary, HP MMF Textile Mills Limited.
Financial Highlights for Q1 2026
The company reported key figures from the consolidated financial statement for the quarter ended June 30, 2026. Key elements of the performance include:- Revenue: Total income reached 3,153 units.
- Expenses: Total expenses were reported at 3,012 units.
- Profitability: The company generated a net profit for the period totaling 102 units.
The standalone unaudited results also showed revenue from operations of 3,118 units and recorded a total income of 3,537 units.
A summary of the consolidated financial performance across the reporting periods is provided below:
| Financial Metric | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 | Quarter Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 3,118 | 2,756 | 3,591 | 13,150 |
| Total Income | 3,153 | 2,853 | 3,632 | 13,413 |
| Total Expenses | 3,012 | 2,761 | 3,480 | 12,970 |
| Loss/Profit Before Tax | 141 | 92 | 152 | 443 |
| Net Profit for the Period | 102 | 68 | 85 | 297 |
Re-appointment of Independent Director
The Board meeting also confirmed the re-appointment of Mr. Vikram Sumatilal Sheth (DIN: 03349632) to serve as an Independent Director for a second consecutive term. The new appointment is scheduled to be effective from April 30, 2027, until April 29, 2032, pending shareholder approval.Mr. Sheth brings extensive experience spanning over three decades in the financial services sector. His professional background includes holding leadership positions within the investment banking practice at ICICI Securities, Edelweiss, and Religare. He has also been instrumental in building a robust Investment Banking practice for NAFA Sustainable Finance Pvt ltd. Mr. Sheth holds a Master's degree in Management Studies (MMS) from NMIMS (University of Mumbai) and a Bachelor's degree in Chemical Plant Engineering from the University of Mumbai.
Stock Price Movement
HP Cotton Textile Mills Ltd shares settled at ₹102.00 on Thursday, registering a zero change for the day. The stock traded completely flat as its intraday high and low were locked simultaneously at ₹102.00.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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