Audited Standalone and Consolidated results for the Financial year ended 31st March, 2026
HITECHCORP · price
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Hitech Corporation Limited reported audited financial results for FY2026 ending March 31, 2026. Standalone revenue grew 6.3% to Rs 58,425 lakhs while consolidated revenue grew 14.1% to Rs 64,040 lakhs. Consolidated profit after tax jumped 70% to Rs 1,519 lakhs from Rs 894 lakhs, driven by strong performance in the Indian subsidiary Thirani Polymers. Standalone PAT remained flat at Rs 802 lakhs. The company declared a dividend of Rs 1 per share (10%). Exceptional items of Rs 135 lakhs were recorded due to new labour code provisions requiring actuarial valuation adjustments for gratuity and compensated absences. The board also reappointed Mr. Malav Dani as Managing Director for 5 years. Statutory auditors issued unmodified opinions on both standalone and consolidated results.
The company showed strong consolidated profitability growth with PAT up 70%, though standalone performance was muted. EBITDA margins compressed on both bases. The dividend payout signals financial stability. Investors should note the margin pressure from rising material and finance costs.