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The Hi-Tech Gears Ltd posts consolidated Q2FY22 loss of Rs. 2.73 crore



Posted On : 2021-11-06 10:07:47( TIMEZONE : IST )

The Hi-Tech Gears Ltd posts consolidated Q2FY22 loss of Rs. 2.73 crore

The Board of Directors of The Hi-Tech Gears Limited, at its meeting held today have approved the unaudited Consolidated financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 252.633 crore, against ₹203.648 crore in the corresponding quarter of the previous year (YoY) and ₹209.587 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹-2.735 crore, against ₹10.278 crore in the corresponding quarter of the previous year (YoY) and ₹3.447 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹-1.46, against ₹5.47 in the corresponding quarter of the previous year (YoY) and ₹1.84 in previous quarter (QoQ).

Financials Q2 FY2022 Q1 FY2022 QoQ % Change Q2 FY2021 YoY % Change
Total Income ₹ 252.633 crs ₹209.587 crs Up Tick / Down Tick20.54% ₹203.648 crs Up Tick / Down Tick24.05%
Net Profit ₹-2.735 crs ₹3.447 crs Up Tick / Down Tick-179.34% ₹10.278 crs Up Tick / Down Tick-126.61 %
EPS ₹-1.46 ₹1.84 Up Tick / Down Tick-179.35% ₹5.47 Up Tick / Down Tick-126.69%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹462.223 crore, against ₹279.230 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹0.715 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹-4.072 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹0.38 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹-2.17 in the previous year (YoY) (Half Year Ended FY 2021).

Financials Half Year Ended FY2022 Half Year Ended FY2021 % Change
Total Income ₹462.223 crs ₹279.230 crs Up Tick / Down Tick65.53%
Net Profit ₹0.715 crs ₹-4.072 crs Up Tick / Down Tick117.56%
EPS ₹0.38 ₹-2.17 Up Tick / Down Tick117.51%

Shares of The Hi-Tech Gears Limited was last trading in BSE at Rs. 249.75 as compared to the previous close of Rs. 242.20. The total number of shares traded during the day was 1090 in over 82 trades.

The stock hit an intraday high of Rs. 252.00 and intraday low of 243.10. The net turnover during the day was Rs. 270765.00.

Source : Equity Bulls

Keywords

TheHiTechGears Q2FY22 H1FY22 ResultUpdate