Hitech Corporation Limited has informed the Exchange regarding outcome of Board meeting held on August 08, 2025.
HITECHCORP · price
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The Board approved audited standalone and unaudited consolidated financial results for Q1 FY26. Standalone revenue from operations rose about 7% year-on-year to ₹15,282 lakhs, but standalone profit after tax fell roughly 16% to ₹340 lakhs as margins came under pressure (notably depreciation and finance costs climbed faster than revenue). On a consolidated basis, including subsidiaries Hitech Global Inc and Thriam Polymers, revenue grew about 15.6% to ₹16,490 lakhs and PAT grew around 22% to ₹475 lakhs, giving EPS of ₹2.76. No exceptional items were booked in the current quarter, though the notes flag prior quarter costs related to the closure of the Sarigam Unit in May 2025 and a past land compensation gain. Auditor Kalyaniwalla & Mistry LLP issued an unmodified opinion on standalone results and an unmodified limited review on consolidated results.
Mixed bag for shareholders: consolidated headline earnings growth looks healthy, but standalone profitability and margins have slipped, likely reflecting the drag from the recently closed Sarigam Unit and higher finance/depreciation costs. Watch for further clarity on whether the Sarigam closure will yield cost savings in coming quarters.