The Hi-Tech Gears Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2025, recommended Final Dividend of Rs. 5 per equity share.
HITECHGEAR · price
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The Hi-Tech Gears' board, which met on May 29, 2025, approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the auditors issuing an unmodified opinion. The board recommended a final dividend of Rs. 5 per equity share (50% on face value of Rs. 10), subject to shareholder approval at the AGM. On a standalone basis, FY25 revenue from operations fell to Rs. 6,389.93 million from Rs. 7,590.33 million a year ago, with profit for the year at Rs. 473.78 million vs. Rs. 492.69 million. On a consolidated basis, revenue dropped to Rs. 9,068.07 million from Rs. 10,837.72 million, and net profit fell sharply to Rs. 403.63 million from Rs. 1,142.53 million (the prior year was boosted by a one-time exceptional gain of Rs. 770.06 million). The board also approved adopting a new MOA under the Companies Act, 2013, and adding a new object clause covering trading, import, export, and agency activities for auto parts and related goods.
The Rs. 5 final dividend rewards shareholders despite a year of weaker top-line and bottom-line performance, though the previous year's profits were flattered by a one-time exceptional gain. Investors should note the continued revenue decline, the Rs. 116.20 million impairment on the Altigreen investment, and the company's expansion of permitted business activities via the MOA amendment.