Hy-Tech Engineers Ltd reported a 10.9% year-on-year rise in standalone net profit to ₹45.98 million for the quarter ended June 30, 2026 (Q1FY27). The hydraulic fittings manufacturer saw revenue grow 12.9% to ₹412.56 million.

The Board of Directors approved the unaudited financial results on September 18, 2026, following a limited review by statutory auditors G.M. Kapadia & Co. In addition to the results, the Board authorized a ₹6 crore land purchase, overseas investments in Germany and Delaware, and appointed new secretarial and internal auditors.

Financial Performance

Revenue from operations saw a notable uptick, with net sales rising 12.9% to ₹412.56 million compared to ₹365.35 million in Q1FY26. Other operating income contributed ₹17.85 million, up from ₹14.29 million previously. Total income stood at ₹436.09 million, up 12.0% from ₹389.40 million in the same period last year.

Total expenses stood at ₹374.96 million, an increase of 12.7% from ₹333.53 million in the prior year. Cost of raw materials consumed rose to ₹174.38 million from ₹161.89 million, while employee benefits expense increased to ₹68.16 million from ₹53.04 million.

New data indicates that EBITDA for the quarter was ₹84 million, compared to ₹82 million in Q1FY26. This corresponds to an EBITDA margin of 20.44%, down from 22.31% in the previous year, suggesting that operating costs grew faster than revenue despite the volume increase.

What the Numbers Show

A key divergence in the financials is the behavior of inventory changes against rising sales. While raw material costs and manufacturing expenses increased in line with revenue growth, the company recorded a negative change in inventories of (₹41.19 million) for Q1FY27. This contrasts with a negative change of (₹35.76 million) in Q1FY26 but differs significantly from the positive change of ₹37.17 million seen in the preceding quarter (Q4FY26). This suggests a drawdown in finished goods or work-in-progress during the current quarter, potentially indicating efficient stock conversion despite higher production inputs.

The compression in EBITDA margin from 22.31% to 20.44% amidst double-digit revenue growth highlights pressure on operating leverage. The rise in employee benefits by nearly 29% (from ₹53.04 million to ₹68.16 million), outpacing the 12.9% revenue growth, points to increased operational intensity or hiring costs absorbing some of the top-line gains.

Corporate Actions

The Board approved the purchase of approximately 6.5 acres of land situated at Jawale, Near Shirval, Taluka Khandala, Dist Satara, at a basic consideration not exceeding ₹6 crore to create additional capacity. Additionally, the Board authorized an investment of €25,000 in Germany and $300,000 in Delaware.

The Board also appointed Mr. H R Thakur as Secretarial Auditor for a term of five consecutive financial years from FY2026-27 to FY2030-31, subject to member approval. M/s AKMK & Associates was appointed as Internal Auditor for the financial year 2026-27.

IPO Completion

Subsequent to the quarter-end, Hy-Tech Engineers completed its Initial Public Offer (IPO) of 25,610,204 equity shares at an issue price of ₹53 per share. The issue comprised a fresh issuance of 11,320,754 shares aggregating to ₹600.00 million and an offer for sale by promoters totaling ₹757.34 million. The company’s equity shares were listed on the NSE and BSE on September 1, 2026.

The comparative figures for Q1FY26 and Q4FY26 were compiled by management and not subjected to audit or review by statutory auditors.

Hy-Tech Engineers will host an earnings conference call for Q1FY27 on September 22, 2026, at 11:30 am. The event follows the company's disclosure of financial results for the quarter ended June 30, 2026.

The announcement was made pursuant to Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company issued the intimation on September 17, 2026.

Management Participation

Senior leadership will address investors during the session. Key participants include:

• Hemant Mondkar, Chairman and Managing Director
• Sunil Sathe, Whole-time Director
• Sunil Satwani, Chief Financial Officer

Dial-in Details

Participants can join the call via primary numbers or international toll-free lines. A Diamond Pass link is also available for access.

For further information, investors may contact Ankit Jain or Parth Raorane at Stellar IR.