Hi-Tech Gears reported a 77.9 percent year-on-year increase in consolidated net profit to Rs 10.70 crore for Q2 FY27, compared to Rs 6.01 crore in the corresponding period of the previous financial year.
On a sequential basis, consolidated net profit surged 124.8 percent from Rs 4.76 crore recorded in Q1 FY27. The expansion in profit was driven by higher operational revenue across domestic and overseas business units.
Consolidated total income for the quarter rose 18.4 percent year-on-year to Rs 287.85 crore from Rs 243.11 crore in Q2 FY26, while growing 20.5 percent sequentially against Rs 238.94 crore in Q1 FY27.
Total consolidated expenses for the reporting period increased 16.8 percent year-on-year to Rs 272.72 crore compared to Rs 233.52 crore in the same quarter last fiscal, and rose 17.27 percent sequentially from Rs 232.55 crore. Material consumption costs stood at Rs 143.92 crore.
On a standalone basis, the automotive component manufacturer recorded an 85.4 percent year-on-year increase in net profit to Rs 11.57 crore for Q2 FY27, compared to Rs 7.98 crore in Q2 FY26, and Rs 6.24 crore recorded in Q1 FY27.
Standalone total income rose 20.5 percent year-on-year to Rs 212.82 crore from Rs 176.55 crore, and climbed 24.2 percent sequentially against Rs 171.33 crore. Standalone total expenses grew 19.5 percent year-on-year to Rs 197.16 crore compared to Rs 165.06 crore in Q2 FY26