Pursuant to Regulation 33 of SEBI, Declaration of Audited Financial Results along with Audit Report for quarter and Year ended 31st March 2026.
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Hittco Tools reported a net loss of Rs 70.73 lakhs for FY26 compared to a minimal loss of Rs 0.63 lakhs in FY25, marking a significant deterioration in profitability. Revenue from operations grew 16.6% to Rs 809.75 lakhs from Rs 694.51 lakhs, but total expenses jumped 19.4% to Rs 871.45 lakhs due to higher material costs and employee expenses. Other income dropped sharply to Rs 2.56 lakhs from Rs 42.97 lakhs, further impacting the bottom line. The company raised equity capital through preferential issue (Rs 44.50 lakhs), and reduced long-term borrowings from Rs 46.42 crores to Rs 33.11 crores. However, the balance sheet shows negative other equity of Rs 31.69 lakhs, indicating accumulated losses have eroded shareholder funds.
The significant jump in losses despite revenue growth signals operational challenges and cost pressures. The negative book value per share suggests potential going concern risks. Shareholders should monitor if the company can return to profitability given the widening losses and depleted equity base.