Hi-Tech Gears said a sharp rise in standalone net profit for the quarter ended March 2015. During the quarter, the profit of the company rose 83.78% to Rs 69.89 million from Rs 38.03 million in the same quarter last year.
Net sales for the quarter rose 16.60% to Rs 1,071.77 million, compared with Rs 919 million for the prior year period.
Earnings per share for the quarter stood at Rs 3.72, registering 83.25% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 15 | Mar - 14 | %Change |
| Net Sales | 1,071.77 | 919.20 | 16.60 |
| Net Profit | 69.89 | 38.03 | 83.78 |
| Basic EPS | 3.72 | 2.03 | 83.25 |
Shares of the company gained Rs 3.3, or 1.13%, to trade at Rs 296.60. The total volume of shares traded was 3,601 at the BSE (1.55 p.m., Friday).
