The Hi-Tech Gears standalone net profit rises 39.60% in the March 2017 quarter

Sales decline 1.00% to Rs 112.88 crore

Net profit of The Hi-Tech Gears rose 39.60% to Rs 4.83 crore in the quarter ended March 2017 as against Rs 3.46 crore during the previous quarter ended March 2016. Sales declined 1.00% to Rs 112.88 crore in the quarter ended March 2017 as against Rs 114.02 crore during the previous quarter ended March 2016.

For the full year,net profit declined 3.69% to Rs 20.38 crore in the year ended March 2017 as against Rs 21.16 crore during the previous year ended March 2016. Sales declined 0.10% to Rs 449.54 crore in the year ended March 2017 as against Rs 449.97 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales112.88114.02 -1 449.54449.97 0 OPM %12.5811.62 -12.0612.71 - PBDT14.2112.75 11 55.3457.00 -3 PBT8.307.12 17 31.8634.27 -7 NP4.833.46 40 20.3821.16 -4

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