HI-Tech Gears Limited Ltd reports robust revenue growth of 27 per cent
HI-Tech Gears Ltd reported its results for the quarter ended September 30, 2018, after market hours today.
HI-Tech Gears Limited's standalone revenue for the quarter came in at Rs. 178.23 crore , as against Rs 140.31 crore for the same period last year, registering an increase of 27% YoY. Its EBITDA for the quarter rose by 5.1% YoY to Rs. 23.17 crore from Rs. 22.05 crore last for same period , with a corresponding margin contraction of 272 bps. The EBITDA margin for the quarter stood at 13%.
The net profit for the quarter came in at Rs. 5.95 crore, a decline of 34.9 per cent YoY. The PAT margin for Q2FY19 stood at 3.33 per cent.
The stock on October 31, 2018, closed at Rs. 374.55 on the BSE.