Harish Textile Engineers Ltd — Results, 25-06-2025: Result

Harish Textile Engineers Limited has announced a board meeting approving the financial results for the quarter and half-year ended March 31, 2025. The company reported a marginal profit of ₹23.55 lakh for the year against a loss last year, with revenue from operations stable at around ₹132 crore. Segment-wise, the Non-Woven and PSF businesses showed growth, while Textile Engineering continued to report losses. The company faces a liquidity crunch reflected in a negative working capital of ₹21.4 crore and has deferred some debenture payments, relying on successful negotiations with lenders and vendors to maintain operations. A legal dispute challenges the validity of a 2019 slump-sale acquisition, and the company is pursuing legal recourse to protect its interests. Additionally, interest liabilities on delayed payments to MSME vendors remain unquantified due to ongoing legal interpretations. The company also executed an MoU to transfer agricultural land back to a third party after failed conversion attempts, at an original consideration of ₹6.5 crore.