The Hi-Tech Gears Ltd Q1 FY23 consolidated profit slumps to Rs. 36.8 lakhs

The Hi-Tech Gears Limited has reported Consolidated financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 293.867 crores during the period ended June 30, 2022 as compared to Rs. 290.841 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 0.368 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 11.242 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 0.20 for the period ended June 30, 2022 as compared to Rs. 5.99 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 293.867 crs	₹290.841 crs	1.04%
Net Profit	₹0.368 crs	₹11.242 crs	-96.73%
EPS	₹0.20	₹5.99	-96.66%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 293.867 crores during the period ended June 30, 2022 as compared to Rs.209.587 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.0.368 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.3.447 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.0.20 for the period ended June 30, 2022 as compared to Rs.1.84 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 293.867 crs	₹209.587 crs	40.21%
Net Profit	₹0.368 crs	₹3.447 crs	-89.32%
EPS	₹0.20	₹1.84	-89.13%

Shares of The Hi-Tech Gears Limited was last trading in BSE at Rs. 200.00 as compared to the previous close of Rs. 204.00. The total number of shares traded during the day was 275 in over 25 trades.

The stock hit an intraday high of Rs. 208.95 and intraday low of 197.00. The net turnover during the day was Rs. 55531.00.

Source : Equity Bulls

Keywords

TheHiTechGears Q1FY23 ResultUpdate