The Hi-Tech Gears Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- The Hi-Tech Gears Ltd reported a 16.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 24.3%.
- Its expenses for the quarter were down by 14.4% QoQ and 21.9% YoY.
- The net profit decreased 28.0% QoQ and decreased 53.9% YoY.
- The earnings per share (EPS) of The Hi-Tech Gears Ltd stood at 3.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 208.16 | 248.30 | 275.08 | -16.2% | -24.3% |
Total Expenses | 199.40 | 232.86 | 255.23 | -14.4% | -21.9% |
Profit Before Tax | 8.76 | 15.44 | 19.75 | -43.3% | -55.6% |
Tax | 1.90 | 5.90 | 4.83 | -67.8% | -60.7% |
Profit After Tax | 6.87 | 9.54 | 14.91 | -28.0% | -53.9% |
Earnings Per Share | 3.60 | 5.10 | 7.90 | -29.4% | -54.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
The Hi-Tech Gears Ltd operates within the manufacturing sector, focusing primarily on the production of automotive components. Known for its precision engineering, the company primarily supplies gears and transmission components to various automotive manufacturers. The company has established a reputation for quality and innovation in gear technology, catering to both domestic and international markets. While specific recent developments are not provided in the data, the company likely continues to navigate industry challenges and opportunities characteristic of the automotive components sector.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), The Hi-Tech Gears Ltd reported a total income of ₹208.16 crores. This represents a decline from the previous quarter (Q2FY25), where total income was ₹248.30 crores, marking a quarter-over-quarter (QoQ) decrease of 16.2%. Compared to the same quarter in the previous year (Q3FY24), there was a year-over-year (YoY) decrease of 24.3%, as the total income then was ₹275.08 crores. These figures illustrate a downward trend in revenue over both the quarterly and yearly comparisons.
Profitability
The company's profitability in Q3FY25 is reflected in a profit before tax (PBT) of ₹8.76 crores, which decreased by 43.3% QoQ from ₹15.44 crores in Q2FY25. Year-over-year, this represents a 55.6% decline from ₹19.75 crores in Q3FY24. The tax expense for the quarter stood at ₹1.90 crores, down 67.8% QoQ and 60.7% YoY. Consequently, the profit after tax (PAT) for Q3FY25 was ₹6.87 crores, a decrease of 28.0% from the previous quarter's ₹9.54 crores and 53.9% from the same quarter last year, when it was ₹14.91 crores. Earnings per share (EPS) for the period was ₹3.60, compared to ₹5.10 in Q2FY25 and ₹7.90 in Q3FY24, indicating a decline of 29.4% QoQ and 54.4% YoY.
Operating Metrics
The Hi-Tech Gears Ltd's total expenses in Q3FY25 were reported at ₹199.40 crores, which is a reduction of 14.4% from ₹232.86 crores in Q2FY25. Compared to Q3FY24, total expenses decreased by 21.9% from ₹255.23 crores. The decrease in expenses is less pronounced than the decline in total income, impacting overall profitability. The operating performance, as indicated by these financial metrics, highlights a reduction in both income and expenses on a quarterly and annual basis, which affects the company's net financial outcomes for the period. These data points suggest shifts in the company's operational dynamics over the assessed periods.
