The Hi-Tech Gears Limited has informed the Exchange regarding Board meeting held on August 11, 2025.
HITECHGEAR · price
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The Board of The Hi-Tech Gears Limited approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations fell to ₹1,545.43 million from ₹1,742.72 million a year earlier, while standalone profit after tax dropped to ₹93.92 million from ₹143.66 million. On a consolidated basis, revenue declined to ₹2,200.94 million from ₹2,630.39 million and profit after tax fell sharply to ₹59.98 million from ₹142.37 million, with EPS slipping to ₹3.19 from ₹7.58. The Canada segment was a major drag, with segment profit crashing to ₹6.75 million from ₹60.70 million last year. The Board also approved the reclassification of Dev Darshan Construction Pvt Ltd from 'Promoter Group' to 'Public' category, subject to stock exchange approval, and appointed M/s. PG & Associates as Secretarial Auditor for five years (FY26–FY30).
Weak quarterly performance across both standalone and consolidated numbers, especially a steep drop in Canada segment profits, signals pressure on the business and may weigh on short-term sentiment. The promoter reclassification is a minor governance event that could slightly reduce promoter holding but has limited direct impact on operations.