Hitech Corp Q1FY27: consolidated PAT +50% YoY, OPM narrows to 10.2% on cost pressure
PAT +49.72% YoY · revenue +36.85% · margins compressing
₹225.67 Cr
+36.85% YoY
₹7.11 Cr
+49.72% YoY
3.13%
+0.3pp YoY
₹4.14
Hitech Corporation's consolidated Q1 FY27 (quarter ended June 30, 2026, audited) print showed revenue from operations of ₹225.67 Cr, up 36.8% YoY (₹164.90 Cr) and 35.9% QoQ (₹166.00 Cr), with consolidated PAT of ₹7.11 Cr, up 49.7% YoY (₹4.75 Cr) though down 20.0% sequentially from ₹8.89 Cr — the Q4 FY26 base included a small ₹0.65 Cr exceptional gain that is absent here. Basic EPS came in at ₹4.14, versus ₹2.76 a year ago and ₹5.17 the prior quarter. On a standalone basis (secondary), PAT was ₹6.18 Cr on revenue of ₹210.84 Cr — the two bases tell a broadly consistent growth story this quarter.
Q1 FY-2027 vs prior quarters
The headline PAT growth, however, outran the operating trend: OPM (operating profit/revenue) compressed to 10.2% from 12.4% a year ago and 13.3% last quarter, as cost of materials consumed rose to roughly 67.0% of revenue from about 61.1% in the year-ago quarter — raw-material cost pressure ran ahead of the topline gain. PBT grew a more moderate 41.9% YoY (₹9.28 Cr vs ₹6.54 Cr). PAT still outgrew PBT because the effective tax rate fell to 23.4% from 27.4% a year ago, and other income nearly tripled to ₹1.33 Cr from ₹0.41 Cr. So while net margin nominally expanded YoY (3.15% vs 2.87%), that expansion is a tax-and-other-income effect layered on a weaker core operating margin, not organic improvement.
No formal management guidance or outlook is on record for this quarter — the comparison context carries none, and no separate management press release was available to reconcile management's own framing against the print. A web search for street/analyst estimates specific to Hitech Corporation Ltd turned up no dedicated coverage (a small-cap plastics packaging maker, distinct from the more widely covered Hi-Tech Pipes Ltd), so vsStreet is marked unknown rather than inferred.
W1
Cost of materials consumed as a share of revenue (~67.0% this quarter) — whether raw-material cost pressure eases or OPM stays sub-11%.
W2
Effective tax rate (23.4% this quarter vs 27.4% a year ago) — whether the lower rate persists or reverts, with no management commentary on record either way.
W3
Progress on the voluntary delisting process (shareholder approval secured July 10, 2026 at ₹353/share offer price) — next regulatory/SEBI milestone.
No exceptional items this quarter (std or consol); Q4FY26 comparison quarter had a ₹0.65 Cr exceptional item (Labour Code actuarial charge) absent here. Consolidated includes Thriarr Polymers (audited, India, ₹14.83 Cr revenue) and Hitech Global Inc (unaudited, outside India, ₹0.29 Cr revenue, immaterial). Figures converted from ₹ Lakhs (÷100).