Hitech Corporation standalone net profit rises 4175.86% in the March 2021 quarter

Sales rise 26.32% to Rs 137.87 crore

Net profit of Hitech Corporation rose 4175.86% to Rs 12.40 crore in the quarter ended March 2021 as against Rs 0.29 crore during the previous quarter ended March 2020. Sales rose 26.32% to Rs 137.87 crore in the quarter ended March 2021 as against Rs 109.14 crore during the previous quarter ended March 2020.

For the full year,net profit rose 618.64% to Rs 16.96 crore in the year ended March 2021 as against Rs 2.36 crore during the previous year ended March 2020. Sales declined 2.83% to Rs 447.08 crore in the year ended March 2021 as against Rs 460.09 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales137.87109.14 26 447.08460.09 -3 OPM %14.8312.32 -14.3412.99 - PBDT16.298.27 97 46.2136.77 26 PBT8.890.46 1833 16.706.80 146 NP12.400.29 4176 16.962.36 619

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