Integrated Filing — IndAS



General information about company
Scrip Code 526217
NSE Symbol HITECHCORP
MSEI Symbol NOTLISTED`
ISIN INE120D01012
Name of company Hitech Corporation Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 26-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Manufacturing of Plastic Containers
Start date and time of board meeting 26-May-2025   17:00:00
End date and time of board meeting 26-May-2025   19:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1492922000 5614261000
Other income 12624000 34981000
Total income 1505546000 5649242000
2 Expenses
(a) Cost of materials consumed 918495000 3438726000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -6589000 -11084000
(d) Employee benefit expense 117069000 440812000
(e) Finance costs 41987000 161499000
(f) Depreciation, depletion and amortisation expense 96329000 364629000
(f) Other Expenses
1 Other Expenses 306314000 1128566000
Total other expenses 306314000 1128566000
Total expenses 1473605000 5523148000
3 Total profit before exceptional items and tax 31941000 126094000
4 Exceptional items -15491000 -7833000
5 Total profit before tax 16450000 118261000
6 Tax expense
7 Current tax 4704000 32790000
8 Deferred tax 1628000 -3896000
9 Total tax expenses 6332000 28894000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 10118000 89367000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 10118000 89367000
17 Other comprehensive income net of taxes 955000 483000
18 Total Comprehensive Income for the period 11073000 89850000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0 0
Total profit or loss, attributable to non-controlling interests 0 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0 0
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 171757000 171757000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 2535195000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.59 5.2
Diluted earnings (loss) per share from continuing operations 0.59 5.2
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.59 5.2
Diluted earnings (loss) per share from continuing and discontinued operations 0.59 5.2
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The Audited Standalone and Consolidated financial results which are published in accordance with nRegulation 33 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, have been nreviewed and recommended by the Audit Committee and subsequently approved by the Board of nDirectors of the Company at their respective meetings held on May 26, 2025. n2. The Audited Standalone and Consolidated financial results are prepared in accordance with the nIndian Accounting Standards (Ind AS) under section 133 of the Companies Act, 2013, read with nprescribed relevant rules issued thereunder and other accounting principles generally accepted in nIndia. n3. The Group has identified Plastic Products as its single primary reportable segment in naccordance with the requirements of Ind AS 108 Operating Segments. Accordingly, no separate nsegment information has been provided. n4. During quarter ended June 30, 2024, the Company has formed a 100 percent subsidiary, Hitech Global nInc. having its registered office in the state of Delaware, USA, with initial capital of USD 100,000 n(equivalent to Rs. 84.60 lakhs). The Management certified results of the aforesaid subsidiary forms npart of these audited consolidated financial results for the quarter and year ended March 31, 2025, nbased on Ind AS 110 'Consolidated Financial Statements'. n5. During quarter ended March 31, 2025, the Company has acquired Thriarr Polymers Limited nthrough Share Purchase Agreement entered into between the parties dated February 27, 2025, with neffect from the base accounts date of January 01, 2025. The 100 percent share transfer formalities nwere completed as on March 7, 2025. In the consolidated financials, the identifiable assets acquired nand liabilities assumed were recognised at their respective fair values as at the acquisition date with na resultant goodwill amounting to Rs. 841.46 lakhs which is accounted at fair value. n6. Details of exceptional items are listed below: nttttttttt (Rs.in lakhs) nParticularst Quarter endedt Year ended nt AuditedtAudited Audited Audited Audited nt 31.03.2025 31.12.2024 31.03.2024 31.03.2025 31.03.2024 na. Compensation under compulsory nacquisitiont t (76.58)t nb. Employee retrenchment costst 154.91t 154.91t nTotalt 154.91 t 78.33 t n na. During quarter ended June 30, 2024, the Company had received Orders from the Land Acquisition, nRehabilitation & Resettlement Authority, D and N. H., Silvassa under the Right to Fair nCompensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 n(‘the Act’), aggregating Rs. 104.61 lakhs as compensation for the compulsory acquisition of Land nunder the Act, which included interest of Rs. 9.32 Lakhs. nThe exceptional item of Rs. 76.58 lakhs represents the excess of the compensation amount (net of ninterest) over the related carrying cost of the asset held for sale. nb. During the quarter March 31, 2025, as part of rationalisation of the production facilities and noptimisation of cost, the Company has decided to close its operations of 'Sarigam Unit' by May n2025, situated at GIDC Sarigam, Gujarat for which a one time Employee retrenchment ncompensation payable is accounted amounting to Rs. 154.91 lakhs, as per statute. This has been nincluded as an exceptional item for the quarter and year ended March 31, 2025. n7. The Board of Directors have, subject to approval by shareholders in the ensuing Annual General nMeeting, recommended a dividend of Rs. 1 per share (at the rate of 10 percent), on the equity shares nof the Company for the year ended March 31, 2025, the liability for the same to be accounted once napproved by the shareholders at the ensuing Annual General Meeting. n8. The figures for the quarter ended March 31 are balancing figures between audited figures in respect nof the full financial year and the cumulative figures up to the third quarter of the respective financial nyears. n n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 2796353000
Capital work-in-progress 126201000
Investment property 64121000
Goodwill 84146000
Other intangible assets 1136000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 11403000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 87685000
Total non-current financial assets 99088000
Deferred tax assets (net) 112775000
Other non-current assets 30065000
Total non-current assets 3313885000
2 Current assets
Inventories 512699000
Current financial asset
Current investments 0
Trade receivables, current 545615000
Cash and cash equivalents 22631000
Bank balance other than cash and cash equivalents 1833000
Loans, current 0
Other current financial assets 28585000
Total current financial assets 598664000
Current tax assets (net) 0
Other current assets 79274000
Total current assets 1190637000
3 Non-current assets classified as held for sale 3747000
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 4508269000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 171757000
Other equity 2535195000
Total equity attributable to owners of parent 2706952000
Non controlling interest 0
Total equity 2706952000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 430618000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 69156000
Total non-current financial liabilities 499774000
Provisions, non-current 71574000
Deferred tax liabilities (net) 28998000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 600346000
Current liabilities
Current financial liabilities
Borrowings, current 667911000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 82142000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 175660000
Total Trade payable 257802000
Other current financial liabilities 200270000
Total current financial liabilities 1125983000
Other current liabilities 23714000
Provisions, current 45422000
Current tax liabilities (Net) 5852000
Deferred government grants, Current 0
Total current liabilities 1200971000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 1801317000
Total equity and liabilites 4508269000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of defined benefit plans 1317000 658000
Total Amount of items that will not be reclassified to profit and loss 1317000 658000
2 Income tax relating to items that will not be reclassified to profit or loss 362000 175000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 955000 483000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 118261000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 161619000
Adjustments for decrease (increase) in inventories -71623000
Adjustments for decrease (increase) in trade receivables, current -38329000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -13146000
Adjustments for decrease (increase) in other non-current assets -29632000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 9928000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 30672000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 11072000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 364629000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 4994000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 14766000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -1418000
Adjustments for dividend income 0
Adjustments for interest income 6117000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -3834000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 433581000
Net cash flows from (used in) operations 551842000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 70872000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 480970000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 141000000
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 35512000
Purchase of property, plant and equipment 530801000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 3788000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 12395000
Net cash flows from (used in) investing activities -620106000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 504119000
Repayments of borrowings 166811000
Payments of lease liabilities 27554000
Dividends paid 17252000
Interest paid 150532000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 13364000
Net cash flows from (used in) financing activities 155334000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 16198000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 16198000
Cash and cash equivalents cash flow statement at beginning of period 6433000
Cash and cash equivalents cash flow statement at end of period 22631000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Kalyaniwalla & Mistry LLP Yes 31-Jul-2027