HMT Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting

HMT Ltd's board has approved the financial results for the quarter ended June 30, 2025. The company posted a consolidated revenue of Rs 24.55 Cr, down from Rs 31.75 Cr year-on-year. While revenue saw a dip, the consolidated net loss narrowed significantly to Rs 27.77 Cr, an improvement from Rs 28.94 Cr last year. Notably, despite the HMT Group's net worth erosion, it operates as a going concern, relying on robust government backing and strategic business initiatives. The board also noted the discontinuation of HMT Watches Ltd's operations.