HMT Limited — Board Meeting, 23-07-2025: Outcome of Board Meeting

HMT Limited's board meeting approved the financial results for the quarter and year ended March 31, 2025. The company reported a consolidated net loss of Rs 143.06 Cr for FY25, a sharp decline from Rs 2550.76 Cr profit last year, heavily impacted by the absence of a large one-off gain from discontinued operations. Auditors issued a qualified opinion on both standalone and consolidated results, citing multiple concerns including issues with credit loss provisioning, verification of balances, and inventory valuation. Crucially, the audit report noted the Group's net worth is completely eroded, yet financial statements are prepared on a going concern basis.