Hi-Tech Gears disclosed a sharp rise in standalone net profit for the quarter ended June 2015. During the quarter, the profit of the company rose 2.25 times to Rs 65.88 million from Rs 29.28 million in the same quarter last year.
Revenues for the quarter rose 15.69% to Rs 1,152.46 million, compared with Rs 996 million for the prior year period.
Operating margin for the quarter stood at 8.85 percent as compared to 4.56 percent for the previous year period. Operating Income for the quarter was Rs 101.96 million, compared with Rs 45.386 million in the previous year period.
Earnings per share for the quarter stood at Rs 3.51, registering 2.25 times growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 1,152.46 | 996.12 | 15.69 |
| Net Profit | 65.88 | 29.28 | 125.03 |
| Diluted EPS | 3.51 | 1.56 | 125.00 |
Shares of the company declined Rs 7, or 2.05%, to settle at Rs 334.20. The total volume of shares traded was 7,094 at the BSE (Tuesday).
