Hittco Tools Reports Q2 FY2026 Loss, Relocates Operations
Hittco Tools Limited reported a net loss of Rs 24.55 lakh for Q2 FY2026, improving from Rs 48.83 lakh loss in Q2 FY2025. Revenue decreased by 45.03% to Rs 204.65 lakh. The company relocated its registered office and factory to Bangalore. Total assets stood at Rs 822.68 lakh with a debt-to-equity ratio of 1.86. The board approved Q2 results and forfeited 2,47,600 partly paid-up equity shares.
*this image is generated using AI for illustrative purposes only.
Hittco Tools Limited , a cutting tools manufacturer, has reported its financial results for the second quarter of fiscal year 2026, along with significant operational changes. The company faced challenges in the quarter ended September 30, 2025, as it navigated through a period of reduced revenue and continued losses.
Financial Performance
Hittco Tools posted a net loss of Rs 24.55 lakh for Q2 FY2026, showing an improvement from the loss of Rs 48.83 lakh in the corresponding quarter of the previous year. However, the company's revenue saw a substantial decline:
| Particulars | Q2 FY2026 | Q2 FY2025 | Change (%) |
|---|---|---|---|
| Revenue | 204.65 | 372.27 | -45.03 |
| Net Loss | 24.55 | 48.83 | -49.72 |
The significant drop in revenue by 45.03% year-over-year indicates challenging market conditions for the company's cutting tools business.
Operational Updates
In a notable development, Hittco Tools has shifted its registered office and factory premises to a new location. The company is now operating from:
No. 17-C, KIADB Industrial Area, 2nd Phase, Peenya, Bangalore-560058
This relocation may be part of the company's efforts to streamline operations and potentially reduce costs in the face of financial pressures.
Balance Sheet Highlights
As of September 30, 2025, Hittco Tools reported:
| Particulars | Amount (Rs in lakh) |
|---|---|
| Total Assets | 822.68 |
| Total Equity | 287.67 |
| Total Liabilities | 535.01 |
The company's balance sheet reflects a debt-to-equity ratio of approximately 1.86, indicating a significant reliance on debt financing.
Board Actions
In its board meeting held on November 14, 2025, Hittco Tools took several important decisions:
- Approval of the unaudited standalone financial results for Q2 FY2026.
- Forfeiture of 2,47,600 partly paid-up equity shares due to non-payment of the balance allotment money by shareholders.
Looking Ahead
While Hittco Tools has managed to reduce its losses compared to the previous year, the substantial decline in revenue presents ongoing challenges. The company's strategic decisions, including the relocation of its operations and the forfeiture of shares, may be aimed at improving its financial position and operational efficiency.
Investors and stakeholders will be watching closely to see if these measures, along with any potential market improvements, can help Hittco Tools return to profitability in the coming quarters.
Historical Stock Returns for Hittco Tools
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.12% | +3.25% | -1.13% | +15.62% | -0.07% | +232.30% |
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