The Hi-Tech Gears reports consolidated net profit of Rs 28.73 crore in the March 2021 quarter

Sales rise 55.53% to Rs 243.82 crore

Net profit of The Hi-Tech Gears reported to Rs 28.73 crore in the quarter ended March 2021 as against net loss of Rs 5.17 crore during the previous quarter ended March 2020. Sales rose 55.53% to Rs 243.82 crore in the quarter ended March 2021 as against Rs 156.77 crore during the previous quarter ended March 2020.

For the full year,net profit rose 247.71% to Rs 28.79 crore in the year ended March 2021 as against Rs 8.28 crore during the previous year ended March 2020. Sales rose 3.09% to Rs 727.55 crore in the year ended March 2021 as against Rs 705.73 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales243.82156.77 56 727.55705.73 3 OPM %16.9910.25 -12.3511.86 - PBDT39.3310.29 282 77.0962.02 24 PBT27.98-0.56 LP 34.0118.98 79 NP28.73-5.17 LP 28.798.28 248

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