Hemang Resources swings to a loss as annual revenue slips
The coal trader reported a net loss of ₹42.92 lakhs for FY26, reversing a profit of ₹54.02 lakhs in the prior year.
What's new
- Annual revenue dropped to ₹808.08 lakhs from ₹880.18 lakhs.
- The company swung from a ₹54.02 lakh profit to a ₹42.92 lakh loss.
- Q4 revenue reached ₹684.32 lakhs, following a zero-revenue third quarter.
Why this matters
The company's reliance on volatile coal trading creates erratic quarterly performance. A zero-revenue third quarter followed by a year-end loss shows the fragility of its business model.
What we're watching
- Whether the Q4 revenue recovery is sustainable in FY27.
- Any further disclosures on the infrastructure segment's performance.
- Management commentary on the path back to profitability.
The full read
Hemang Resources ended FY26 with a net loss of ₹42.92 lakhs, a reversal from the ₹54.02 lakhs profit it posted the year prior. Annual revenue from operations fell to ₹808.08 lakhs from ₹880.18 lakhs. These figures mask volatility in the company's core coal trading and infrastructure segments. After reporting zero revenue in the third quarter, the company saw a late-year surge in trading activity, with ₹684.32 lakhs in revenue booked in the final quarter alone. For a nano-cap entity with a market valuation under ₹20 crores, this quarterly inconsistency is the primary risk. The board re-appointed M/s RSPS & Associates as internal auditors for the coming year. The immediate challenge is stabilizing the top line to avoid further annual losses.
Questions answered
- How did Hemang Resources perform in FY26 compared to FY25?
- The company moved from a profit of ₹54.02 lakhs in FY25 to a net loss of ₹42.92 lakhs in FY26.
- What was the trend in annual revenue?
- Annual revenue from operations fell to ₹808.08 lakhs, down from ₹880.18 lakhs in the previous year.
- Did the company report any revenue in the third quarter?
- No. The company reported zero revenue for the third quarter of the fiscal year.
- Was there any improvement in the final quarter?
- Yes. The company saw a recovery in trading activity during the fourth quarter, recording revenues of ₹684.32 lakhs.
- Who will serve as the internal auditor for FY27?
- The board re-appointed M/s RSPS & Associates as internal auditors for the 2026-27 financial year.