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Hi-Tech Gears net profit declines 59.86% in the March 2013 quarter

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Capital Market
Net profit of Hi-Tech Gears declined 59.86% to Rs 3.99 crore in the quarter ended March 2013 as against Rs 9.94 crore during the previous quarter ended March 2012. Sales declined 29.13% to Rs 84.19 crore in the quarter ended March 2013 as against Rs 118.79 crore during the previous quarter ended March 2012.

For the Audited full year,net profit declined 61.51% to Rs 16.21 crore in the year ended March 2013 as against Rs 42.11 crore during the previous year ended March 2012. Sales declined 24.94% to Rs 363.53 crore in the year ended March 2013 as against Rs 484.35 crore during the previous year ended March 2012.

 
ParticularsQuarter EndedYear EndedMar. 2013Mar. 2012% Var.Mar. 2013Mar. 2012% Var.Sales84.19118.79 -29 363.53484.35 -25 OPM %15.3217.51 -12 14.4217.81 -19 PBDT11.5319.02 -39 46.7982.35 -43 PBT5.7013.84 -59 23.6362.51 -62 NP3.999.94 -60 16.2142.11 -62

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First Published: Jun 03 2013 | 11:23 AM IST

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