HMT Q2 FY27 Results: Consolidated Net Loss ₹57.51 Crore on Total Income of ₹31.85 Crore
- Earnings
- Machine tools and watches
Reviewed byRachit TripathiBlacklitt Research
HMT (NSE: HMT) reported consolidated total income of ₹31.85 crore and a net loss of ₹57.51 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹21.74 crore with a net profit of ₹1.23 crore, it said in a filing on 06 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹31.85 crore, down 24.1% YoY and 24.7% QoQ
- Net profit: Loss of ₹57.51 crore, against a loss of ₹39.08 crore a year earlier
- EPS: Basic ₹-1.62, against ₹-1.10 a year earlier
- Finance costs: ₹16.49 crore, 51.8% of total income
Standalone
The company on its own, without its subsidiaries
- Total income: ₹21.74 crore, up 2.4% YoY and 12.3% QoQ
- Net profit: ₹1.23 crore, against ₹11.81 crore in the previous quarter
- EPS: Basic ₹0.03, against ₹0.03 a year earlier
- Other income: ₹14.24 crore, 65.5% of total income
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 32 | 42 | -24.1% | 42 | -24.7% | |
| Revenue from operations | 16 | 26 | -36.8% | 29 | -43.6% |
| Other income | 15 | 16 | -5.8% | 13 | +13.8% |
| -58 | -39 | -47.2% | -29 | -96.9% | |
| Profit before tax | -58 | -39 | -47.2% | -29 | -96.9% |
| Finance costs | 16 | 16 | +3.5% | 18 | -6.8% |
| Depreciation | 2 | 2 | -14.9% | 1 | +7.7% |
| Tax expense | 0 | 0 | n/a | 0 | n/a |
| Net profit margin | -180.57% | -93.09% | -87.47 pp | -69.05% | -111.51 pp |
| EPS, basic (₹) | -1.62 | -1.10 | -47.3% | -0.82 | -97.6% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated total income of ₹31.85 crore was 24.1% below the year-earlier ₹41.98 crore, and revenue from operations of ₹16.33 crore was 36.8% lower. The net loss of ₹57.51 crore compares with ₹39.08 crore a year earlier.
Finance costs of ₹16.49 crore equal 51.8% of total income, against ₹15.94 crore a year before and ₹17.70 crore in the previous quarter. Depreciation was ₹1.54 crore.
The auditor's review did not cover three subsidiaries, whose total revenues were ₹73.85 crore and total net loss ₹86.72 crore for the six months to 30 Sep 2026. The auditor says its conclusion on the consolidated results is not modified in respect of these subsidiaries.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 22 | 21 | +2.4% | 19 | +12.3% | |
| Revenue from operations | 8 | 6 | +25.6% | 5 | +43.4% |
| Other income | 14 | 15 | -6.7% | 14 | +0.8% |
| 1 | 1 | +1.7% | 12 | -89.6% | |
| Profit before tax | 1 | 1 | +1.7% | 12 | -89.6% |
| Finance costs | 0 | 0 | n/a | 0 | n/a |
| Depreciation | 0 | 0 | -60.0% | 0 | +100.0% |
| Tax expense | 0 | 0 | n/a | 0 | n/a |
| Net profit margin | 5.66% | 5.70% | -0.04 pp | 61.00% | -55.34 pp |
| EPS, basic (₹) | 0.03 | 0.03 | 0.0% | 0.33 | -90.9% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 2.4% to ₹21.74 crore. Revenue from operations grew 25.6% to ₹7.50 crore, while other income fell 6.7% to ₹14.24 crore.
Standalone net profit of ₹1.23 crore gives EPS of ₹0.03, against ₹11.81 crore and EPS of ₹0.33 in the previous quarter. The standalone statement shows no exceptional items and no tax expense for the quarter.
Inference
The statements are prepared on a going concern basis, which the notes attribute to the realisable value of non-current assets held for sale, support from Government of India and other business plans.
Blacklitt's data lists a 31 Oct 2026 filing on the resignation of the chief financial officer, Aparna R, effective 30 Oct 2026.
Not stated: the reason for the consolidated loss, whether government support will continue and in what form, and the basis for the realisable value of the assets held for sale.
Filed with BSE on . Reference: Original filing (PDF)
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