Hi-Tech Gears Limited, an auto component manufacturer, provides gears, shafts, and transmission components primarily in India and internationally. Its product portfolio includes precision forgings, two wheeler transmission components, PTU shafts, and engine and transmission components. The company was incorporated in 1986 and is based in Gurgaon, India.
Hi-Tech Gears Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2011
Hi-Tech Gears reported unaudited earnings results for the second quarter and six months ended September 30, 2011. For the quarter, the company reported profit from ordinary activities before tax of INR 140.209 million, net profit from ordinary activities after tax of INR 93.534 million, net profit of INR 93.534 million or INR 4.98 diluted per share on net sales/Income from operations of INR 1,157.743 million against profit from ordinary activities before tax of INR 126.334 million, net profit from ordinary activities after tax of INR 81.838 million, net profit of INR 81.838 million or INR 8.72 diluted per share on net sales/Income from operations of INR 1,045.396 million for the same period a year ago. For the six months, the company reported profit from ordinary activities before tax of INR 314.858 million, net profit from ordinary activities after tax of INR 211.416 million, net profit of INR 211.416 million or INR 11.25 diluted per share on net sales/Income from operations of INR 2,429.475 million against profit from ordinary activities before tax of INR 228.452 million, net profit from ordinary activities after tax of INR 154.732 million, net profit of INR 154.732 million or INR 16.49 diluted per share on net sales/Income from operations of INR 1,967.727 million for the same period a year ago.
