The Hi-Tech Gears Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
HITECHGEAR · price
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The Hi-Tech Gears Limited reported FY26 standalone revenue of Rs 6,486.5 million, up just 1.5% from Rs 6,390 million in FY25. However, standalone profit after tax declined sharply by 30% to Rs 330.5 million from Rs 473.8 million, while consolidated PAT fell 48% to Rs 209.8 million from Rs 403.6 million. The company declared a final dividend of Rs 4 per share (40%). Canada operations turned loss-making at Rs 4.4 million loss vs Rs 122.4 million profit last year. Cash and cash equivalents declined significantly to Rs 2.8 million from Rs 64.4 million. The auditor issued an unmodified opinion with no qualifications.
The stock may face pressure as profitability nearly halved year-on-year despite stable revenues, driven mainly by the Canada subsidiary turning unprofitable and higher input costs. The significant cash depletion and sharp PAT decline are concerning signals for investors.