HIRA AUTOMOBILES LIMITED

Financial Results Summary (Quarter Ended 30.09.2026)

  • Revenue from Operations: ₹349.85 lakh (compared to ₹478.28 lakh in previous quarter and ₹2,667.33 lakh in same quarter previous year)
  • Other Income: ₹0.51 lakh
  • Total Revenue: ₹350.36 lakh
  • Total Expenses: ₹544.34 lakh
  • Purchase of stock-in-trade: ₹146.48 lakh
  • Employee benefit expense: ₹128.38 lakh
  • Finance Cost: ₹176.10 lakh
  • Depreciation and amortization: ₹30.42 lakh
  • Other expenses: ₹78.12 lakh
  • Loss before tax: ₹193.98 lakh
  • Tax expense: ₹0.00 lakh
  • Net Loss for the period: ₹193.98 lakh (compared to loss of ₹138.24 lakh in previous quarter and profit of ₹9.16 lakh in same quarter previous year)
  • Paid-up equity share capital: ₹275.34 lakh (face value ₹10 per share)
  • Other equity: ₹866.60 lakh

Balance Sheet Position (as of 30.09.2026)

  • Total Assets: ₹7,711.03 lakh (compared to ₹8,467.05 lakh as of 31.03.2026)
  • Non-current assets: ₹1,262.72 lakh
  • Property, plant and equipment: ₹1,204.04 lakh
  • Investments: ₹0.20 lakh
  • Other non-current assets: ₹58.48 lakh
  • Current assets: ₹6,448.31 lakh
  • Inventories: ₹1,854.15 lakh
  • Trade receivables: ₹1,965.52 lakh
  • Cash and cash equivalents: ₹287.01 lakh
  • Bank balances other than cash: ₹44.14 lakh
  • Other current assets: ₹2,297.49 lakh
  • Total Equity: ₹1,141.94 lakh
  • Total Liabilities: ₹6,569.09 lakh
  • Non-current liabilities: ₹1,155.36 lakh
  • Current liabilities: ₹5,413.73 lakh

Cash Flow Statement (Quarter Ended 30.09.2026)

  • Net cash flows from operating activities: ₹522.69 lakh
  • Net cash flows from investing activities: ₹16.73 lakh
  • Net cash flows used in financing activities: ₹776.00 lakh
  • Net decrease in cash and cash equivalents: ₹176.58 lakh
  • Cash and cash equivalents at beginning: ₹507.73 lakh
  • Cash and cash equivalents at end: ₹331.15 lakh

Outstanding Defaults on Loans and Debt Securities

  • Total loans outstanding from banks/financial institutions: ₹6,115.22 lakh
  • Amount of default as on date: ₹1,624.56 lakh
  • Total financial indebtedness: ₹6,115.22 lakh

Related Party Transactions

1. Remuneration to Rahulinder Singh Sidhu (Promoter and Managing Director): ₹9.00 lakh during the reporting period

2. Interest paid to Rahulinder Singh Sidhu: ₹0.00 lakh

3. Loan transactions with Rahulinder Singh Sidhu: Net repayment of ₹56.86 lakh during the period, bringing closing balance to ₹0.00 lakh

Auditor's Review Report

The statutory auditors, Mohan Juneja & Co., issued a limited review report with a qualification regarding going concern uncertainty. Key audit matter identified:

  • Maruti Suzuki India Limited (MUL) has temporarily suspended vehicle supplies due to defaults in banking facilities
  • This has significantly disrupted the company's principal revenue-generating activity
  • The interim financial results do not adequately disclose:

(a) The material uncertainty regarding going concern

(b) Possible effects on financial position, cash flows and operations

(c) That financial results preparation depends on future outcomes including regularization of MUL operations, resolution of banking defaults, and ability to generate adequate cash flows

The auditors believe this constitutes a departure from applicable financial reporting framework, though except for this disclosure issue, the financial results comply with IND AS and SEBI LODR requirements.

Additional Information

  • The company operates in one segment only: sale and service of vehicles
  • Previous period figures have been regrouped/rearranged where necessary
  • No deviation or variation in proceeds of public/rights/preferential issues
  • The results are available on company website: http://www.hiraautomobiles.com/quarterly-results.php