Get latest articles and stories on Business at LatestLY. HITES reported profit after tax at Rs 27.76 crore in 2022-23, against Rs 17.60 crore a year ago - a significant feat for a Miniratna subsidiary with net worth of just Rs 2 crore which was incorporated merely nine years ago. Business News | HITES Achieves 58 Pc Jump in Net Profit During 2022-23.