The Hi-Tech Gears Ltd Q2FY23 consolidated PAT rises to Rs. 3.52 crores

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

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 316.456 crores during the period ended September 30, 2022 as compared to Rs. 293.867 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 3.528 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. -0.368 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 1.88 for the period ended September 30, 2022 as compared to Rs. 0.20 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 316.456 crs	₹293.867 crs	7.69%
Net Profit	₹3.528 crs	₹-0.368 crs	1,058.70%
EPS	₹1.88	₹0.20	840.00%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 316.456 crores during the period ended September 30, 2022 as compared to Rs.252.633 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.3.528 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-2.735 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.1.88 for the period ended September 30, 2022 as compared to Rs.-1.46 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 316.456 crs	₹252.633 crs	25.26%
Net Profit	₹3.528 crs	₹-2.735 crs	228.99%
EPS	₹1.88	₹-1.46	228.77%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.610.324 crores during the 6 Months period ended September 30, 2022 as compared to Rs.462.223 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.3.897 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.0.715 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.2.08 for the 6 Months period ended September 30, 2022 as compared to Rs.0.38 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹610.324 crs	₹462.223 crs	32.04%
Net Profit	₹3.897 crs	₹0.715 crs	445.03%
EPS	₹2.08	₹0.38	447.37%

Shares of The Hi-Tech Gears Limited was last trading in BSE at Rs. 224.10 as compared to the previous close of Rs. 224.00. The total number of shares traded during the day was 460 in over 40 trades.

The stock hit an intraday high of Rs. 229.05 and intraday low of 223.75. The net turnover during the day was Rs. 104266.00.

Source : Equity Bulls

Keywords

TheHiTechGears Q2FY23 H1FY23 ResultUpdate