The Hi-Tech Gears Limited has informed the Exchange regarding Outcome of Board Meeting held on May 29, 2026.
HITECHGEAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Hi-Tech Gears Limited reported audited financial results for Q4 and FY ended March 31, 2026. Standalone revenue from operations was Rs 6,486.50 million, up slightly from Rs 6,389.93 million in FY2025. However, standalone profit before tax dropped significantly to Rs 445.95 million from Rs 635.69 million, a decline of about 30%. Consolidated profit before tax fell more sharply to Rs 332.86 million from Rs 627.66 million, down 47%. The Board recommended a final dividend of Rs 4 per share (40%) for FY2026, subject to shareholder approval at the AGM. Mr. Vijay Mathur was appointed as Executive Director and CFO. The statutory auditors issued an unmodified (clean) opinion on both standalone and consolidated financial results. The company also allotted 20,330 equity shares under its stock incentive plan.
The stock may face pressure as profits declined significantly year-on-year despite stable revenue, indicating margin compression. However, the dividend recommendation and clean audit opinion provide some support. The CFO appointment consolidation could signal stability in financial management.