Hiliks Technologies Limited reported a significant turnaround in profitability for the quarter ended June 30, 2026, with standalone net profit rising to ₹1.01 crore from ₹14.35 lakh in Q1FY26. The company’s revenue from operations also expanded sharply to ₹11.39 crore, compared to ₹17.94 lakh in the corresponding period of the previous fiscal year.

The Board of Directors approved the unaudited standalone and consolidated financial results during a meeting held on August 14, 2026, in Hyderabad. Sandeep Copparapu, Whole Time Director, signed off on the disclosure in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s total revenue for the quarter stood at ₹11.39 crore, as there was no other income reported. In contrast, the previous quarter (Q4FY26) saw revenue of ₹15.96 crore, while Q1FY25 recorded just ₹1.79 lakh.

Total expenses for Q1FY27 were ₹10.38 crore, down from ₹14.90 crore in Q4FY26 but up from ₹16.51 lakh in Q1FY25. Notably, changes in inventories contributed a negative expense of ₹59.05 lakh, indicating a reduction in stock-in-trade or work-in-progress, which positively impacted the bottom line. Employee benefits expense rose to ₹87.03 lakh from ₹26.37 lakh YoY, reflecting increased operational activity.

Consolidated figures mirrored the standalone results, with net profit at ₹1.01 crore and revenue at ₹11.39 crore. The company’s two subsidiaries—Hiliks Greens Private Limited (India) and Hiliks Technologies Inc (USA)—did not report any revenue transactions during the quarter, though advances were given for projects in the Indian subsidiary.

What the Numbers Show

The surge in profitability is largely attributable to improved operational efficiency and inventory management. The negative change in inventories (₹59.05 lakh reduction) offset higher employee costs and other expenses, allowing the company to achieve a pre-tax profit of ₹1.01 crore. This marks a significant improvement from the ₹14.35 lakh profit in Q1FY26, suggesting better cost control and project execution in the current period.

Regulatory Compliance

The results were reviewed by A S K M & Co., Chartered Accountants, under Standard on Review Engagement (SRE) 2410. The audit committee and Board of Directors approved the figures on August 14, 2026. The company also declared that Regulation 32 of SEBI LODR Regulations, 2015, regarding deviation in application of proceeds, is not applicable.

Shareholders of Hiliks Technologies have approved a special resolution to issue equity shares and convertible warrants on a preferential basis. The resolution received overwhelming support, passing with 99.62% of the votes cast during the remote e-voting process that concluded on August 1, 2026. This approval enables the company to proceed with its planned capital raising activity through the preferential allotment mechanism.

The postal ballot was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting period commenced on July 3, 2026, at 9:00 a.m. and ended on Saturday, August 1, 2026, at 5:00 p.m. Central Depository Services (India) Limited served as the service provider for the remote e-voting facility.

A total of 2461 shareholders were on record as of June 26, 2026. Of these, shareholders holding 10,750,000 shares participated in the voting, representing a participation rate of 44.81%. The promoters and promoter group, holding 500,000 shares, voted entirely in favour of the resolution. Public institutional holders did not participate in the vote.

Voting Results Breakdown

The detailed voting results submitted to BSE Limited and Metropolitan Stock Exchange of India Ltd. are as follows:

Jain Alok & Associates, appointed as the scrutinizer by the Board of Directors, certified the results. Alok Jain, Proprietor of Jain Alok & Associates, confirmed that the resolution was passed as the number of votes in favour exceeded the required majority. The scrutinizer’s report, dated August 1, 2026, states that all procedural requirements under the Companies Act, 2013, and SEBI regulations were duly complied with.

Sandeep Copparapu, Whole Time Director of Hiliks Technologies Limited, declared the results on August 3, 2026. The company has communicated the outcome to the stock exchanges and displayed the scrutinizer’s report on its website. The promoter group indicated no interest in the agenda item, confirming that the preferential allotment is targeted at external investors.