Hitech Corporation Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
HITECHCORP · price
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Hitech Corporation's board approved audited standalone and consolidated financial results for Q4 and FY25 on May 26, 2025. Statutory auditor Kalyaniwalla & Mistry LLP issued an unmodified (clean) opinion on both sets of results. Standalone revenue from operations declined modestly to Rs. 549.43 crore (FY25) from Rs. 561.79 crore (FY24), a drop of about 2.2%. Standalone profit after tax fell sharply to Rs. 7.98 crore in FY25 from Rs. 22.00 crore in FY24, a roughly 64% decline, with EPS dropping from Rs. 12.81 to Rs. 4.65. The board recommended a dividend of Re. 1 per equity share (10%) subject to shareholder approval. During the year, the company formed subsidiary Hitech Global Inc. (USA) and acquired Thriarr Polymers, while recording exceptional items of Rs. 1.55 crore for employee retrenchment at its Sarigam unit closure.
The steep fall in profit despite a clean audit report is a concern for shareholders and may put pressure on the stock. The modest revenue decline combined with rising depreciation and finance costs squeezed margins, but the dividend and strategic moves into subsidiaries and new leadership signal management's effort to reset the business.