Hira Automobiles Ltd (531743)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Hira Automobiles' revenue was ₹4.8 Cr (-79.0% year on year, -86.1% on the previous quarter), and net profit ₹-1.4 Cr (against a profit a year earlier); the operating margin was 10.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹4.8 | -79.0% | -86.1% |
| Operating profit | ₹0.5 | -75.2% | -65.5% |
| Net profit | ₹-1.4 | to loss | loss widened |
| Operating margin | 10.3% | — | — |
📢 Recent Corporate Announcements
Hira Automobiles submitted its quarterly compliance report for the quarter ended September 30, 2026, pursuant to SEBI's 2013 order regarding Minimum Public Shareholding (MPS) norms. The company chronicled past events starting from a 2013 attempt by promoter Rahul Inder Singh Sidhu to acquire the remaining 4.28% public shareholding to delist, which failed to receive requisite shareholder consent in August 2014. SEBI previously imposed a penalty of Rs 14 Lakhs on April 16, 2024, for non-filing of quarterly reports, which was paid on May 24, 2024. The company stated it is currently preparing an application to SEBI seeking directions to enable promoter compliance with MPS norms, where promoter holding remains at 95.73%.
- Delisting stalled after failing to receive shareholder consent on August 14, 2014, to acquire remaining 4.28% public float
- Paid SEBI penalty of Rs 14 Lacs on May 24, 2024, for non-filing of quarterly reports under the 2013 order
- Company is in the process of filing an application with SEBI to seek directions for complying with MPS norms
- Promoter shareholding stands at 95.73% as of June 2026, significantly above the 75% regulatory ceiling
Hira Automobiles Limited has appointed Mr. Vicky Kumar and Ms. Bandna Rani as Independent Directors on its Board, effective August 31, 2026. Both appointments are for a term of five years, concluding on August 30, 2031. Neither appointee is related to any existing director of the company. The appointments fulfill regulatory board composition requirements under SEBI LODR Regulations.
- Mr. Vicky Kumar appointed as Independent Director for a 5-year term ending August 30, 2031
- Ms. Bandna Rani appointed as Independent Director for a 5-year term ending August 30, 2031
- Appointments effective from August 31, 2026
- Neither appointee holds directorships in other listed entities or has relationships with existing directors
Hira Automobiles Limited has appointed Mr. Vicky Kumar and Ms. Bandna Rani as Independent Directors on its Board, effective August 31, 2026. Both appointments are for a term of five years ending on August 30, 2031. Neither appointee is related to any existing director on the board. The appointments serve to fulfill board governance and regulatory requirements for the company, which reported TTM revenue of ₹120 crore.
- Mr. Vicky Kumar appointed as Independent Director for a 5-year term effective August 31, 2026, up to August 30, 2031
- Ms. Bandna Rani appointed as Independent Director for a 5-year term effective August 31, 2026, up to August 30, 2031
- Neither appointee holds directorships in other listed entities or has relationships with existing directors
Hira Automobiles Limited announced the simultaneous resignation of two Independent Directors, Mr. Daljeet Singh and Ms. Gurpreet Kaur, effective close of business hours on August 31, 2026. Both directors confirmed there were no other material reasons for their resignations and neither held directorships in any other listed entity. The company will need to reconstitute its board and committees to maintain compliance with SEBI listing regulations.
- Resignation of Independent Director Mr. Daljeet Singh (DIN: 10746546) effective 31-08-2026
- Resignation of Independent Director Ms. Gurpreet Kaur (DIN: 10746552) effective 31-08-2026
- Both outgoing directors confirmed directorships/committee memberships in Nil other listed entities
- Confirmation provided that there are no other material reasons other than those stated in resignation letters
Hira Automobiles Ltd has informed the exchange about the resignation of two Independent Directors, Mr. Daljeet Singh and Ms. Gurpreet Kaur, effective from the close of business hours on August 31, 2026. Both directors confirmed there are no other material reasons for their resignations. This corporate governance update comes as the company reports TTM revenues of Rs 120 Cr and high leverage with a D/E ratio of 4.13.
- Resignation of Independent Director Mr. Daljeet Singh (DIN: 10746546) effective 31-08-2026
- Resignation of Independent Director Ms. Gurpreet Kaur (DIN: 10746552) effective 31-08-2026
- Both outgoing directors confirmed holding directorships in 0 other listed entities
- Resignations took effect at the close of business hours on August 31, 2026
Hira Automobiles reported severe financial deterioration for the quarter ended June 30, 2026, with revenue crashing 79.0% YoY to ₹4.78 crore compared to ₹22.73 crore in Q1 FY26. Net losses widened sharply to ₹1.38 crore against a net profit of ₹0.05 crore in the year-ago quarter, yielding a negative EPS of ₹-5.02. The statutory auditor highlighted that principal Maruti Suzuki India Ltd has temporarily suspended vehicle supplies due to defaults in the company's banking facilities. The company disclosed loan defaults of ₹16.56 crore out of total financial indebtedness of ₹61.77 crore, triggering a going-concern uncertainty flag from auditors.
- Revenue from operations fell 78.96% YoY to ₹478.28 lakhs in Q1 from ₹2,273.22 lakhs in Q1 FY26
- Net loss widened to ₹138.24 lakhs compared to a net profit of ₹4.74 lakhs in the corresponding prior-year period
- Disclosed outstanding loan default of ₹1,656.00 lakhs out of total debt facilities of ₹6,176.92 lakhs
- Auditors issued a modified opinion citing material uncertainty on going concern due to supply suspension by Maruti Suzuki
- EPS for the quarter stood at ₹-5.02 per share compared to ₹0.17 in Q1 FY26
Hira Automobiles reported severe financial deterioration for the quarter ended June 30, 2026, with revenue from operations plunging 79.0% YoY to ₹4.78 Cr (₹478.28 lakhs) compared to ₹22.73 Cr in the year-ago period. The company slipped into a net loss of ₹1.38 Cr (₹138.24 lakhs) against a net profit of ₹4.74 lakhs in Q1 FY26. Total financial indebtedness stood at ₹61.77 Cr, with an active default on banking facilities amounting to ₹16.56 Cr. Crucially, the statutory auditor raised a qualified going concern notice, highlighting that principal partner Maruti Suzuki India Limited has temporarily suspended vehicle supplies due to these banking defaults.
- Revenue from operations fell 79.0% YoY to ₹478.28 lakhs (₹4.78 Cr) from ₹2,273.22 lakhs in Q1 FY26.
- Quarterly net loss widened to ₹138.24 lakhs (₹1.38 Cr) with Basic EPS dropping to ₹-5.02.
- Outstanding loan defaults on cash credit/banking facilities reached ₹1,656.00 lakhs (₹16.56 Cr) out of ₹6,176.92 lakhs in total debt.
- Auditor flagged material uncertainty regarding going concern as Maruti Suzuki suspended vehicle supplies following banking defaults.
Hira Automobiles Ltd has scheduled a board meeting on August 14, 2026, to review and approve the unaudited standalone financial results for the quarter ended June 30, 2026. The company is currently operating with a high debt-to-equity ratio of 4.13 and reported a marginal net loss of ₹0.05 Cr in the previous quarter (March 2026). With a TTM revenue of ₹138 Cr and a very high promoter holding of 95.73%, the upcoming results will be crucial to assess operational efficiency and debt servicing capabilities. The trading window for insiders has been closed since July 1, 2026.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results.
- Trading window closed from July 1, 2026, until 48 hours post-announcement.
- Company reported a TTM revenue of ₹138 Cr against a market cap of ₹53 Cr.
- Promoter holding remains exceptionally high at 95.73% as of June 2026.
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