HMT reports Rs 37.45 cr loss as expenses exceed revenue
A Rs 17.47 cr interest cost and Rs 2.59 cr tax charge deepened the loss, despite Rs 14.31 cr of other income.
Filed 28 Jul 2026, 18:00 IST · after market close · HMT (HMT)
Key takeaways
- HMT's consolidated operating loss was Rs 30.24 cr as expenses of Rs 101.68 cr exceeded revenue of Rs 71.44 cr.
- The Rs 37.45 cr consolidated net loss included a Rs 17.47 cr interest cost and a Rs 2.59 cr tax charge despite a pre-tax loss.
- Other income of Rs 14.31 cr partly cushioned the operating loss but did not prevent a consolidated EPS loss of Rs 1.05.
Expenses overwhelm HMT's Q4 revenue
HMT reported consolidated revenue of Rs 71.44 cr against expenses of Rs 101.68 cr, leaving an operating loss of Rs 30.24 cr. The resulting operating margin was -42.33%, showing that the reported revenue base did not cover operating costs.
Interest and tax added to the pre-tax loss
Interest expense of Rs 17.47 cr and depreciation of Rs 1.46 cr widened the loss after operations to a pre-tax loss of Rs 34.86 cr. A Rs 2.59 cr tax charge further reduced net profit to a loss of Rs 37.45 cr, while the negative tax rate of -7.43% reflects the loss position rather than a tax benefit.
Other income provided only partial support
Other income of Rs 14.31 cr was a meaningful offset to the operating loss, but it was not enough to bring HMT back to a pre-tax profit. This makes the quarter's earnings dependent on an income line outside core operations while the operating result remained negative.
Results were filed after the market close
HMT filed the consolidated Q4FY26 results on 28 Jul 2026 at 18:00 IST, after market close. The stock's immediate response is therefore not covered here.
Q4FY26 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q4FY26 |
|---|---|
| Revenue | ₹71 cr |
| Other income | ₹14 cr |
| Expenses | ₹102 cr |
| Operating profit | ₹-30 cr |
| Operating margin (%) | -42.33% |
| Interest | ₹17 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹-35 cr |
| Tax | ₹3 cr |
| Net profit | ₹-37 cr |
| EPS (₹) | ₹-1.05 |
What to watch
- Whether operating margin improves from -42.33%.
- Whether expenses move below the Rs 101.68 cr reported in Q4FY26.
- Whether interest expense falls from Rs 17.47 cr.