The Hi-Tech Gears Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
HITECHGEAR · price
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The Hi-Tech Gears Limited announced its unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, revenue from operations fell to ₹1,545.43 million from ₹1,742.72 million a year ago, and profit after tax declined to ₹93.92 million from ₹143.66 million. On a consolidated basis, revenue dropped to ₹2,106.20 million from ₹2,550.45 million, with PAT falling sharply to ₹59.98 million from ₹142.37 million, reflecting weakness especially in the Canada segment. The Board also approved the appointment of M/s. PG & Associates as Secretarial Auditor for five years (FY25-26 to FY29-30) and the reclassification of Dev Darshan Construction Pvt. Ltd. from Promoter Group to Public category, subject to stock exchange approval. The statutory auditor YAPL & Co. issued an unmodified limited review report on the results.
Sharper-than-expected decline in both top line and bottom line, particularly at the consolidated level driven by the Canada business, is a negative signal and may weigh on the stock in the short term. The reclassification slightly increases the public shareholding pool but is not a value driver; the long-term secretarial auditor appointment is routine.