Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Hindustan Motors
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | -0.00 | -0.00 | -0.00 | -0.00 | 1.37 | 1.88 | 0.87 | 0.79 | 0.59 | -0.00 | -0.00 | -0.00 | -0.00 |
| Expenses + | 1.61 | 1.05 | 1.17 | 1.00 | 1.23 | 1.02 | 1.01 | 1.13 | 1.33 | 1.91 | 0.92 | 0.77 | 1.09 |
| Operating Profit | -1.61 | -1.05 | -1.17 | -1.00 | 0.14 | 0.86 | -0.14 | -0.34 | -0.74 | -1.91 | -0.92 | -0.77 | -1.09 |
| OPM % | 10.22% | 45.74% | -16.09% | -43.04% | -125.42% | ||||||||
| Other Income + | 0.25 | 1.44 | 0.19 | 0.21 | 11.18 | 15.33 | 8.31 | 7.05 | 5.71 | 1.06 | 5.11 | 0.95 | 1.16 |
| Interest | -0.00 | 0.02 | 0.02 | -0.00 | 0.01 | -0.00 | -0.00 | -0.00 | 0.08 | -0.00 | -0.00 | 0.01 | -0.00 |
| Depreciation | 0.13 | 0.13 | 0.13 | 0.11 | 0.09 | 0.09 | 0.09 | 0.09 | 0.03 | 0.03 | 0.03 | -0.00 | -0.00 |
| Profit before tax | -1.49 | 0.24 | -1.13 | -0.90 | 11.22 | 16.10 | 8.08 | 6.62 | 4.86 | -0.88 | 4.16 | 0.17 | 0.07 |
| Tax % | -22.82% | -0.00% | -11.50% | -0.00% | -0.00% | -0.00% | -0.00% | 26.59% | 31.28% | -19.32% | -0.00% | 76.47% | -0.00% |
| Net Profit + | -1.15 | 0.24 | -1.00 | -0.90 | 11.22 | 16.10 | 8.08 | 4.86 | 3.34 | -0.71 | 4.16 | 0.04 | 0.07 |
| EPS in Rs | -0.06 | 0.01 | -0.05 | -0.04 | 0.54 | 0.77 | 0.39 | 0.23 | 0.16 | -0.03 | 0.20 | 0.00 | 0.00 |
Financials of Hindustan Motors
Annual income statement trend
| Mar 2014 6m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 182.78 | 15.10 | 0.81 | 1.13 | -3.30 | 0.54 | 0.21 | 1.17 | -0.00 | -0.00 | 3.25 | 2.25 | 0.00 |
| Expenses + | 227.05 | 52.96 | 22.13 | 17.52 | 12.55 | 6.61 | 6.00 | 5.04 | 6.63 | 5.16 | 4.42 | 5.38 | 4.69 |
| Operating Profit | -44.27 | -37.86 | -21.32 | -16.39 | -15.85 | -6.07 | -5.79 | -3.87 | -6.63 | -5.16 | -1.17 | -3.13 | -4.69 |
| OPM % | -24.22% | -250.73% | -2,632.10% | -1,450.44% | -1,124.07% | -2,757.14% | -330.77% | -36.00% | -139.11% | ||||
| Other Income + | 108.46 | 5.88 | 1.53 | 12.22 | 88.35 | 35.52 | 5.88 | 11.01 | 27.61 | 4.79 | 26.91 | 22.13 | 8.28 |
| Interest | 56.45 | 7.82 | 10.36 | 10.30 | 8.80 | 1.65 | 0.05 | 0.09 | 0.02 | 0.13 | 0.03 | 0.08 | 0.01 |
| Depreciation | 8.44 | 2.10 | 1.89 | 1.56 | 1.43 | 1.20 | 0.88 | 0.82 | 0.61 | 0.53 | 0.42 | 0.24 | 0.06 |
| Profit before tax | -0.70 | -41.90 | -32.04 | -16.03 | 62.27 | 26.60 | -0.84 | 6.23 | 20.35 | -1.03 | 25.29 | 18.68 | 3.52 |
| Tax % | 338.57% | -0.00% | -0.00% | -0.00% | 9.14% | -0.41% | -2.38% | 39.65% | 8.30% | -103.88% | -0.51% | 16.65% | |
| Net Profit + | -3.07 | -41.90 | -32.04 | -16.03 | 56.58 | 26.71 | -0.83 | 3.76 | 18.65 | 0.05 | 25.43 | 15.56 | 3.56 |
| EPS in Rs | -0.17 | -2.01 | -1.54 | -0.77 | 2.71 | 1.28 | -0.04 | 0.18 | 0.89 | 0.00 | 1.22 | 0.75 | 0.17 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
Financials of Hindustan Motors
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 92.47 | 104.41 | 104.41 | 104.41 | 104.41 | 104.41 | 104.41 | 104.41 | 104.41 | 104.41 | 104.41 | 104.41 | 104.41 |
| Reserves | -127.40 | -165.81 | -197.87 | -217.01 | -161.13 | -134.68 | -135.77 | -132.15 | -113.55 | -113.45 | -88.08 | -72.51 | -68.37 |
| Borrowings + | 41.10 | 40.84 | 37.88 | 35.76 | 17.92 | 17.92 | 17.92 | 17.92 | 17.92 | 17.92 | 17.92 | 17.92 | -0.00 |
| Other Liabilities + | 182.82 | 91.03 | 107.17 | 115.80 | 89.20 | 42.75 | 39.72 | 39.26 | 21.51 | 18.08 | 18.55 | 14.43 | 27.45 |
| Total Liabilities | 188.99 | 70.47 | 51.59 | 38.96 | 50.40 | 30.40 | 26.28 | 29.44 | 30.29 | 26.96 | 52.80 | 64.25 | 63.49 |
| Fixed Assets + | 39.09 | 29.31 | 27.20 | 25.58 | 24.02 | 21.38 | 20.49 | 18.49 | 16.91 | 16.39 | 11.59 | 8.55 | 8.52 |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Investments | 0.14 | 0.14 | 0.14 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 |
| Other Assets + | 149.76 | 41.02 | 24.25 | 13.27 | 26.27 | 8.91 | 5.68 | 10.84 | 13.27 | 10.46 | 41.10 | 55.59 | 54.86 |
| Total Assets | 188.99 | 70.47 | 51.59 | 38.96 | 50.40 | 30.40 | 26.28 | 29.44 | 30.29 | 26.96 | 52.80 | 64.25 | 63.49 |
Financials of Hindustan Motors
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -24.06 | 33.15 | 8.52 | 10.64 | -33.46 | -13.97 | -1.44 | -4.67 | -18.17 | 1.21 | -15.25 | -26.94 |
| Cash from Investing Activity + | 77.88 | 0.70 | 0.36 | 1.00 | 79.22 | 2.27 | 0.18 | 6.11 | 16.16 | -0.52 | 15.68 | 25.77 |
| Cash from Financing Activity + | -60.06 | -34.52 | -8.97 | -11.64 | -29.24 | -2.16 | -0.05 | -0.09 | -0.02 | -0.13 | -0.03 | -0.08 |
| Net Cash Flow | -6.24 | -0.66 | -0.08 | -0.00 | 16.52 | -13.86 | -1.31 | 1.35 | -2.03 | 0.56 | 0.40 | -1.25 |
| Free Cash Flow | 24.59 | 33.77 | 8.70 | 10.69 | 45.21 | -12.40 | -1.30 | 3.64 | -2.62 | 1.21 | 13.94 | -6.71 |
| CFO/OP | 54% | -91% | -35% | -65% | 200% | 161% | 16% | 68% | 252% | -13% | 1,303% | 760% |
Financials of Hindustan Motors
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 36.26 | 32.87 | 531.73 | 332.70 | -5.53 | 33.80 | 121.67 | -0.00 | -0.00 | -0.00 | ||
| Inventory Days | 37.09 | 279.18 | 774.24 | 412.99 | 225.70 | 196.19 | 195.54 | -0.00 | ||||
| Days Payable | 118.81 | 666.69 | 2,795.02 | 3,010.93 | 3,073.41 | 6,720.56 | 14,208.93 | |||||
| Cash Conversion Cycle | -45.45 | -354.64 | -1,489.04 | -2,265.24 | -2,853.24 | -6,490.58 | -13,891.73 | -0.00 | -0.00 | -0.00 | ||
| Working Capital Days | -166.50 | -1,786.32 | -51,879.57 | -44,404.03 | -10,530.80 | -35,513.15 | -87,061.19 | -15,535.90 | -1,695.85 | 1,022.00 | ||
| ROCE % | -21.52% | 2.32% | 3.16% |
Margins are guided to be within the 11%-14% EBITDA range despite cost pressures; calibrated pricing and cost optimization efforts are ongoing. Key concall…
Healthy organic growth at ~21% (revenues), 34% (new vehicles), and 5% (service volumes) observed. Key concall takeaways from Popular Vehicles & Services Ltd's…
Electric vehicles (EVs) penetration increasing, with 30% of vehicles sold by value being EVs at Landmark, much higher than industry average. Key concall…
Current orders around INR300 crores; capacity enhancement underway. Key concall takeaways from Olectra Greentech Ltd's Q1 FY27 earnings call — and how it ranks…