Hittco Tools reported a widened net loss of ₹70.73 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹0.63 lakh in the previous year. Revenue from operations rose to ₹80.97 crore for FY26, up from ₹69.45 crore in the corresponding period last year. The company's total income stood at ₹81.23 crore, while total expenses increased to ₹87.14 crore.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The audit report with an unmodified opinion was submitted by DTSB & Associates, Chartered Accountants, the statutory auditors. The meeting commenced at 1:00 PM and concluded at 3:10 PM.

For the quarter ended March 31, 2026, the company reported a net profit of ₹11.79 lakh, reversing from a net loss of ₹26.01 lakh in the quarter ended December 31, 2025. Revenue from operations for the quarter stood at ₹247.39 lakh, compared to ₹191.23 lakh in the preceding quarter. Total expenses for the quarter were ₹228.53 lakh.

The basic and diluted earnings per share (EPS) for FY26 were reported at (0.00), compared to (0.00) in the previous year. For the quarter ended March 31, 2026, the EPS stood at 0.12. The company's paid-up equity share capital as of March 31, 2026, was ₹648.10 lakh.

Financial Performance

Segment Performance

The company operates in the cutting tools segment. Gross segment revenue for the year ended March 31, 2026, was ₹812.31 lakh, compared to ₹737.47 lakh in the previous year. The segment reported a loss before interest and tax of ₹46.35 lakh for the current year, compared to a profit of ₹24.78 lakh in the prior year. Total segment assets as of March 31, 2026, were ₹875.17 lakh.

Hittco Tools Limited is not required to disclose related party transactions for the quarter and financial year ended March 31, 2026, due to its paid-up share capital and net worth falling below specified regulatory thresholds. This exemption impacts the company's compliance obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically regarding corporate governance norms.

The company stated that its paid-up share capital stood at ₹6,48,10,470 and its net worth amounted to ₹3,31,18,815 as on March 31, 2026. Both figures are below the limits of ₹10 crore for paid-up share capital and ₹25 crore for net worth, triggering the non-applicability of Regulation 23(9) of the Listing Regulations.

Regulatory Exemption Details

Pursuant to Regulation 15(2) of the SEBI (LODR) Regulations, 2015, the company is exempt from complying with several corporate governance provisions. These include Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27, and specific clauses of Regulation 46, along with Para C, D, and E of Schedule V.

Financial Metrics as on March 31, 2026

As a result of this exemption, Hittco Tools Limited is not required to submit the "Disclosures of the Related Party Transactions" as mandated by Regulation 23(9) for the financial year ended March 31, 2026. The filing was submitted by Director Surendra Bhandari to BSE Limited.