Hittco Tools reported a narrowed net loss of ₹5.93 lakh for Q1FY26, a marked improvement from the ₹28.78 lakh loss recorded in the same quarter last year. Revenue from operations rose 21.14% year-on-year to ₹202.30 lakh, reflecting stronger operational activity. The Board of Directors approved these unaudited standalone financial results on August 10, 2026, alongside the appointment of Ms. Sonali M as Company Secretary and Compliance Officer.

The results were reviewed by the Audit Committee and approved by the Board in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. DTSB & Associates, the statutory auditors, issued a limited review report stating that nothing came to their attention to suggest the financial statements contained material misstatements. The trading window for designated persons will reopen on August 17, 2026, pursuant to the company’s Prevention of Insider Trading Code.

Financial Performance Highlights

Revenue growth was accompanied by an increase in operating expenses, though cost controls helped narrow the bottom-line deficit. Key financial metrics for the quarter are detailed below:

Total expenses stood at ₹208.43 lakh, up from ₹196.40 lakh in Q1FY25 but lower than the ₹228.53 lakh recorded in Q4FY26. The reduction in depreciation expense to ₹3.15 lakh from ₹30.42 lakh in the previous quarter contributed significantly to the improved pre-tax position, although finance costs rose to ₹4.21 lakh from ₹0.81 lakh year-on-year.

Balance Sheet Position

As of June 30, 2026, total assets decreased to ₹733.13 lakh from ₹817.04 lakh a year earlier. Non-current assets declined to ₹377.26 lakh, primarily due to a reduction in property, plant, and equipment to ₹327.78 lakh from ₹370.87 lakh. Current assets also contracted to ₹355.86 lakh, with inventories falling to ₹155.17 lakh and trade receivables dropping to ₹127.34 lakh.

On the liabilities side, total borrowings reduced significantly. Non-current borrowings fell to ₹279.43 lakh from ₹381.21 lakh, while current borrowings rose slightly to ₹34.80 lakh from ₹18.39 lakh. Total equity increased marginally to ₹325.26 lakh from ₹312.22 lakh, supported by an increase in equity share capital to ₹648.10 lakh.

What the Numbers Show

The most notable aspect of Hittco Tools’ Q1FY26 performance is the divergence between revenue growth and expense management. While revenue grew over 21%, total expenses grew only 6% year-on-year, driven largely by a sharp decline in depreciation charges. This suggests that the company may have completed significant capital expenditures in prior periods, leading to lower depreciation burdens in the current quarter. However, the rise in finance costs to ₹4.21 lakh from ₹0.81 lakh indicates ongoing interest obligations that need monitoring as the company scales operations. The narrowing loss demonstrates operational leverage kicking in, but profitability remains elusive as costs still outpace revenue.

Hittco Tools accepted the resignation of Ms. Khushboo Agrawal from the post of Company Secretary and Compliance Officer effective July 20, 2026. The resignation was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Agrawal cited personal reasons for her decision to step down and confirmed there were no other material reasons or circumstances requiring disclosure under the regulations.

In her resignation letter addressed to the Board of Directors, Agrawal requested to be relieved from her duties with effect from the close of business hours on July 20, 2026. She confirmed that she would extend full cooperation to ensure a smooth transition and proper handover of all statutory records and documents to her successor. The company disclosed that she decided to move on to pursue opportunities outside the organization.

The following table details the specifics of the change in Key Managerial Personnel:

The intimation was submitted to BSE Limited by Director Surendra Bhandari. The filing included the necessary details as required by SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. Hittco Tools Limited, headquartered at the KIADB Industrial Area in Peenya, Bangalore, has completed the necessary regulatory formalities regarding the departure.