Hitech Corporation Reports Mixed Q2 Results, Extends Key Leadership Roles
Hitech Corporation announced its Q2 2025 financial results, showing a 12.2% increase in consolidated revenue to ₹16,438.13 lakhs and a 50% rise in consolidated net profit to ₹417.03 lakhs. However, standalone net profit declined by 48.4% to ₹150.98 lakhs. The company extended terms for three key leaders: Mr. Raghavendra Prasad (GM-HR) for two years, Mr. V.S.R. Anjaneyulu (VP-Technology Center) for one year, and Mr. Mehernosh Mehta (Whole-Time Director) until March 2026.
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Hitech Corporation Limited, a leading player in the plastic products industry, has announced its financial results for the second quarter and half-year ended September 30, 2025, along with significant leadership changes.
Financial Performance
The company reported a mixed set of results for Q2 2025, with consolidated revenue growth but a decline in standalone profits. Here's a breakdown of the key financial metrics:
| Metric | Q2 2025 | Q2 2024 | Change |
|---|---|---|---|
| Consolidated Revenue | ₹16,438.13 lakhs | ₹14,651.30 lakhs | +12.2% |
| Consolidated Net Profit | ₹417.03 lakhs | ₹278.07 lakhs | +50.0% |
| Standalone Net Profit | ₹150.98 lakhs | ₹292.35 lakhs | -48.4% |
| Standalone Total Income | ₹1,844.72 lakhs | ₹1,687.72 lakhs | +9.3% |
The company's consolidated performance shows significant improvement, with a 12.2% increase in revenue and a 50% jump in net profit compared to the same quarter last year. However, on a standalone basis, Hitech Corporation experienced a 48.4% decline in net profit despite a 9.3% increase in total income.
For the half-year ended September 30, 2025, the company's standalone profit decreased to ₹491.20 lakhs from ₹697.05 lakhs in the previous year.
Leadership Extensions
In a strategic move to ensure continuity and leverage experienced leadership, Hitech Corporation's Board of Directors has approved term extensions for three key personnel:
- Mr. Raghavendra Prasad (General Manager-HR): Extended for two years, from March 13, 2025, to March 12, 2027.
- Mr. V.S.R. Anjaneyulu (Vice President-Technology Center): Extended for one year, from September 6, 2025, to September 5, 2026.
- Mr. Mehernosh Mehta (Whole-Time Director): Extended beyond the internal retirement age of 58 years until March 16, 2026.
These extensions aim to maintain stability in the company's senior management and capitalize on the extensive experience of these leaders in their respective domains.
Business Segment and Outlook
Hitech Corporation continues to operate primarily in the plastic products segment. The company's focus on this sector, coupled with the retention of key leadership, suggests a strategy aimed at leveraging industry expertise and maintaining market position.
The mixed financial results, showing growth in consolidated figures but a decline in standalone profits, indicate challenges in certain areas of operations. However, the leadership extensions demonstrate the company's commitment to navigating these challenges with experienced management at the helm.
Investors and stakeholders will be watching closely to see how these strategic decisions impact Hitech Corporation's performance in the coming quarters, particularly in light of the evolving market dynamics in the plastic products industry.
Historical Stock Returns for Hitech Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.46% | -6.14% | -10.25% | -11.62% | -31.50% | +41.21% |
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