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HITECHCORP · price
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Hitech Corporation Limited reported audited FY2026 standalone revenue of ₹5,842.52 lakhs (up 6.3% YoY) and consolidated revenue of ₹6,404.02 lakhs (up 14.1% YoY). Standalone PAT remained flat at ₹802.34 lakhs vs ₹798.10 lakhs YoY, while consolidated PAT jumped 70% to ₹1,518.86 lakhs from ₹893.67 lakhs, driven by subsidiary performance. The Board recommended a dividend of ₹1 per share (10% on face value ₹10). Exceptional items included a ₹135.15 lakh charge due to new Labour Codes implementation (past service costs for Gratuity and Compensated Absences). Statutory auditors Kalyaniwalla & Mistry LLP issued unmodified (clean) opinions on both standalone and consolidated financials. Mr. Malav Dani was re-appointed as Managing Director for 5 years from August 5, 2026.
The 70% jump in consolidated PAT is positive for shareholders, though standalone PAT flatness suggests underlying standalone business growth is modest. The clean audit opinion removes any immediate concern about financial reporting quality.