Stock Report

The Hi-Tech Gears Ltd consolidated Q3FY23 PAT slips QoQ to Rs. 2.57 crore



Posted On : 2023-02-08 16:03:34( TIMEZONE : IST )

The Hi-Tech Gears Ltd consolidated Q3FY23 PAT slips QoQ to Rs. 2.57 crore

The Hi-Tech Gears Limited has reported Consolidated financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 279.345 crores during the period ended December 31, 2022 as compared to Rs. 316.456 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 2.574 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 3.528 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 1.37 for the period ended December 31, 2022 as compared to Rs. 1.88 for the period ended September 30, 2022.

Financials Q3 FY2023 Q2 FY2023 % Change
Total Income ₹279.345 crs ₹316.456 crs Up Tick / Down Tick-11.73%
Net Profit ₹2.574 crs ₹3.528 crs Up Tick / Down Tick-27.04%
EPS ₹1.37 ₹1.88 Up Tick / Down Tick-27.13%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.279.345 crores during the period ended December 31, 2022 as compared to Rs.225.445 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.2.574 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-13.059 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.1.37 for the period ended December 31, 2022 as compared to Rs.-6.96 for the period ended December 31, 2021.

Financials Q3 FY2023 Q3 FY2022 % Change
Total Income ₹279.345 crs ₹225.445 crs Up Tick / Down Tick23.91%
Net Profit ₹2.574 crs ₹-13.059 crs Up Tick / Down Tick119.71%
EPS ₹1.37 ₹-6.96 Up Tick / Down Tick119.68%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.889.669 crores during the 9 Months period ended December 31, 2022 as compared to Rs.687.668 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.6.471 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.-12.344 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.3.45 for the 9 Months period ended December 31, 2022 as compared to Rs.6.58 for the 9 Months period ended December 31, 2021.

Financials 9 Months Ended FY2023 9 Months Ended FY2022 % Change
Total Income ₹889.669 crs ₹687.668 crs Up Tick / Down Tick29.37%
Net Profit ₹6.471 crs ₹-12.344 crs Up Tick / Down Tick152.42%
EPS ₹3.45 ₹6.58 Up Tick / Down Tick-47.57%

Shares of The Hi-Tech Gears Limited was last trading in BSE at Rs. 263.35 as compared to the previous close of Rs. 251.85. The total number of shares traded during the day was 352 in over 36 trades.

The stock hit an intraday high of Rs. 264.50 and intraday low of 256.10. The net turnover during the day was Rs. 91296.00.

Source : Equity Bulls

Keywords

TheHiTechGears Q3FY23 9MFY23 ResultUpdate