The Hi-Tech Gears Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 4 per equity share.
HITECHGEAR · price
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The Hi-Tech Gears Limited reported audited results for FY26 ending March 31, 2026. Standalone revenue grew marginally to Rs. 6,806.12 million from Rs. 6,696.12 million, but profit after tax fell significantly to Rs. 330.54 million from Rs. 473.78 million (down 30%). Consolidated PAT dropped even sharper to Rs. 209.79 million from Rs. 403.63 million (down 48%). The Board recommended a final dividend of Rs. 4 per equity share (40% on Rs. 10 face value), subject to shareholder approval at the AGM. Additionally, Mr. Vijay Mathur was appointed as Executive Director & CFO. The auditors issued an unmodified opinion on the financial statements.
The dividend declaration is positive for income-focused investors, though the sharp decline in profitability for both standalone and consolidated operations may concern growth investors. The company maintained earnings per share of Rs. 17.59 on standalone basis versus Rs. 25.23 in the previous year.