According to reports from Business Standard, Hira Automobile reported a standalone net loss of ₹1.38 crore in the quarter ended June 2026, marking a significant deterioration from the net profit of ₹0.05 crore recorded in the corresponding quarter of the previous financial year. This represents a complete reversal in the company's profitability position year-over-year.
As reported by Business Standard, the company's sales declined by 78.97% to ₹4.78 crore in Q1 FY27 compared to ₹22.73 crore in the same quarter of the previous financial year. This substantial revenue contraction indicates significant operational challenges facing the automobile manufacturer during the quarter.
According to the financial data reported by Business Standard, the company's operating profit margin (OPM) stood at 10.25% in the quarter ended June 2026, compared to 8.75% in the corresponding quarter of the previous year. The profit before depreciation and tax (PBDT) was negative at ₹1.08 crore in Q1 FY27, indicating operational losses before accounting for depreciation and tax provisions.
As reported by Business Standard, the company's profit before tax (PBT) was negative at ₹1.38 crore in the quarter ended June 2026, compared to a positive PBT of ₹0.06 crore in the corresponding quarter of the previous financial year. The net loss of ₹1.38 crore reflects the cumulative impact of operational challenges and reduced revenue performance during the quarter.
