Hitech Corporation Reports FY26 Results and Recommends Dividend

Hitech Corporation Limited announced its audited financial results for the fiscal year ending March 31, 2026. The company reported consolidated revenue of ₹640.40 crore and a consolidated net profit of ₹15.19 crore.

Key Financials and Dividend

The board recommended a dividend of Re 1 per equity share, representing 10% of the face value, for FY 2025-26. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Standalone revenue for the fiscal year was ₹584.25 crore, with a net profit of ₹8.02 crore.

Leadership Continuity

In addition to the financial results, the board approved the re-appointment of Mr. Malav Dani as Managing Director. His new term is set to begin on August 5, 2026, and will last for five years. Mr. Jayendra Shah will retire by rotation at the forthcoming AGM, a standard governance procedure.

Investor Significance

These results provide shareholders with a clear view of the company's financial performance over the past year. The proposed dividend offers a direct return on investment. The continuation of Mr. Dani as Managing Director suggests stability in leadership and the company's strategic path, which is typically viewed favorably by the market.

Looking Ahead

Investors will be watching for shareholder approval of the dividend at the AGM. Further updates on regulatory clearances for the MD's re-appointment will also be noted. The company's performance in subsequent quarters will be a key factor for tracking future progress.