According to reports from Business Standard, Hitech Corporation reported a standalone net loss of ₹3.27 crore in the quarter ended December 2025, marking a significant decline from the net profit of ₹1.43 crore recorded in the corresponding quarter of the previous year. This represents a complete turnaround in the company's financial performance compared to the same period last year.
As reported by Business Standard, the company demonstrated sales growth of 6.94% to ₹131.54 crore in Q3 FY26, compared to ₹123.00 crore in the December 2024 quarter. However, this revenue increase was insufficient to offset the operational challenges that led to the company's move from profitability to losses during the quarter.
According to the financial data reported by Business Standard, the company's operating profit margin (OPM) declined to 8.72% in Q3 FY26 from 10.75% in the December 2024 quarter. Additionally, PBDT (Profit Before Depreciation and Tax) decreased by 30% to ₹7.21 crore from ₹10.29 crore in the previous year's corresponding quarter, indicating deteriorating operational efficiency.
The company's financial performance was significantly impacted by multiple factors during Q3 FY26. As reported by the earnings call transcript, cyberattack disruptions at a U.K.-based OEM customer resulted in no supplies for nearly five weeks, affecting the company's major revenue stream. Additionally, one-time manpower costs due to strategic hiring for future growth initiatives and fixed cost pressures from manufacturing expenses contributed to the quarter's losses. The company expects positive performance in Q4 FY26 despite these challenges.
Despite current challenges, Hitech Corporation is positioning for future growth with strategic investments in manufacturing automation and capacity enhancement. The company's unexecuted order book of ₹8,000 crore by FY 2029 represents significant revenue potential, with management expecting exit revenue of ₹3,005 crore from this pipeline. The company continues to focus on higher value products across passenger vehicles and commercial vehicles segments, positioning for long-term growth despite current quarterly losses.
