Integrated Filing — IndAS



General information about company

Scrip Code 522073
NSE Symbol HITECHGEAR
MSEI Symbol NOTLISTED
ISIN INE127B01011
Name of company THE HI-TECH GEARS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 04-11-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 29-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Geographical
Description of single segment
Start date and time of board meeting 04-11-2026   17:00:00
End date and time of board meeting 04-11-2026   18:40:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 28,498.50 52,267.30
Other income 286.50 411.60
Total income 28,785.00 52,678.90
2 Expenses
(a) Cost of materials consumed 14,392.10 25,463.50
(b) Purchases of stock-in-trade 366.40 700.70
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,122.90) (738.90)
(d) Employee benefit expense 5,293.40 9,902.00
(e) Finance costs 377.60 765.80
(f) Depreciation, depletion and amortisation expense 1,747.90 3,480.50
(f) Other Expenses
1 Other Expenses 6,217.10 10,953.30
Total other expenses 6,217.10 10,953.30
Total expenses 27,271.60 50,526.90
3 Total profit before exceptional items and tax 1,513.40 2,152.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,513.40 2,152.00
6 Tax expense
7 Current tax 466.10 745.80
8 Deferred tax (22.40) (139.30)
9 Total tax expenses 443.70 606.50
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 1,069.70 1,545.50
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 1,069.70 1,545.50
17 Other comprehensive income net of taxes 334.30 (94.90)
18 Total Comprehensive Income for the period 1,404.00 1,450.60
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 1,882.00 1,882.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 5.69 8.22
Diluted earnings (loss) per share from continuing operations 5.68 8.21
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 5.69 8.22
Diluted earnings (loss) per share from continuing and discontinued operations 5.68 8.21
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The above Un-audited (Standalone and Consolidated) Financial Results have been reviewed by the Audit Committee at their meeting held on November 04, 2026 and thereafter, approved by the Board of Directors in their meeting held on November 04, 2026. 2. The Limited Review has been carried out by the Statutory Auditors of the Company. 3. Revenue from operations for the quarter & half year ended September 30, 2026, includes a service income of RS. 143.18 Millions. 4. The standalone operations of the Company fall under manufacturing of gears and transmissions, which is considered to be the only reportable segment by the management. For consolidated operations, the Group has three operating segments (India, Canada and Others), which have been determined on geographical basis. 5. The Nomination and Remuneration Committee of the Board of Directors of the Company vide its resolution dated July 31, 2026, has approved allotment of 6,497 Equity shares of Rs. 10/- each to the eligible employees of the Company (Including subsidiary company) pursuant to “The Hi-Tech Gears Limited Stock Incentive Plan, 2021”. Therefore, the paid-up equity share capital of the Company has increased from Rs. 18,81,35,470/-consisting of 1,88,13,547 equity shares of Rs. 10/- each. to Rs. 18,82,00,440 consisting of 1,88,20,044 equity shares of Rs. 10/- each.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 33,590.50
Capital work-in-progress 1,127.50
Investment property 0.00
Goodwill 3,777.50
Other intangible assets 3,851.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 67.60
Trade receivables, non-current 0.00
Loans, non-current 24.20
Other non-current financial assets
1 Other financial assets 572.80
Total of other non-current financial assets 572.80
Total non-current financial assets 664.60
Deferred tax assets (net) 271.30
Other non-current assets
1 Other non-current assets 1,153.80
Total of other non-current assets 1,153.80
Total non-current assets 44,436.20
2 Current assets
Inventories 14,892.60
Current financial asset
Current investments 0.00
Trade receivables, current 17,082.40
Cash and cash equivalents 556.90
Bank balance other than cash and cash equivalents 3,992.60
Loans, current 45.60
Other current financial assets
Total of other current financial assets 483.80
Total current financial assets 22,161.30
Current tax assets (net) 703.40
Other current assets
1 Other current assets 3,208.70
Total of other current assets 3,208.70
Total current assets 40,966.00
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 85,402.20
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,882.00
Other equity 51,101.80
Total equity attributable to owners of parent 52,983.80
Non controlling interest 0.00
Total equity 52,983.80
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 11,128.40
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
Total of other non-current financial liabilities
Total non-current financial liabilities 11,128.40
Provisions, non-current 385.50
Deferred tax liabilities (net) 438.60
Deferred government grants, Non-current
Other non-current liabilities
1 Other non-current liabilities 73.60
Total of other non-current liabilities 73.60
Total non-current liabilities 12,026.10
Current liabilities
Current financial liabilities
Borrowings, current 5,118.60
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,054.40
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 11,020.20
Total Trade payable 12,074.60
Other current financial liabilities
1 Other financial liabilities 2,660.80
Total of other current financial liabilities 2,660.80
Total current financial liabilities 19,854.00
Other current liabilities 343.60
1 Other current liabilities 343.60
Total of other current liabilities 343.60
Provisions, current 174.90
Current tax liabilities (Net) 19.80
Deferred government grants, Current 0.00
Total current liabilities 20,392.30
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 32,418.40
Total equity and liabilites 85,402.20
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block

Textual Information(1) 1. Under the head “Assets” and further sub-heading “Non-Current Assets”, the figure “Property, Plant & Equipments” also includes the amount of “Right of use” of Rs. 561.59 Millions. 2. Under the head “Liabilities” , sub-heading “Non-Current Liabilities” and further sub-heading “Non-Current financial liabilities”, the figure of “Borrowing, Non-Current” also includes the amount of “Lease Liabilities” of Rs. 1041.42 Million. 3. Under the head “Liabilities”, sub-heading “Current Liabilities” and further sub-heading “Financial Liabilities” – the figure of “Borrowings, current” also includes the amount of “lease liabilities” of Rs. 123.19 Million.



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 India 21,270.40 38,391.60
2 Canada 7,250.20 13,821.40
3 Others 0.006224 1,366.00
Total Segment Revenue 29,143.00 53,579.00
Less: Inter segment revenue 358.00 900.10
Revenue from operations 28,785.00 52,678.90
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 India 1,717.70 2,722.60
2 Canada 287.70 336.00
3 Others (114.40) (140.80)
Total Profit before tax 1,891.00 2,917.80
i. Finance cost 377.60 765.80
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 1,513.40 2,152.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 India 53,743.00 53,743.00
2 Canada 31,595.80 31,595.80
3 Others 63.40 63.40
Total Segment Asset 85,402.20 85,402.20
Un-allocable Assets 0.00 0.00
Net Segment Asset 85,402.20 85,402.20
4 Segment Liabilities
Segment Liabilities
1 India 19,350.90 19,350.90
2 Canada 13,044.10 13,044.10
3 Others 23.40 23.40
Total Segment Liabilities 32,418.40 32,418.40
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 32,418.40 32,418.40
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Equity Instrument through Other Comprehensive Income (1.40) (0.40)
Total Amount of items that will not be reclassified to profit and loss (1.40) (0.40)
2 Income tax relating to items that will not be reclassified to profit or loss (0.20) (0.10)
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit or loss 335.50 (94.60)
Total Amount of items that will be reclassified to profit and loss 335.50 (94.60)
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 334.30 (94.90)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 2,152.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 776.10
Adjustments for decrease (increase) in inventories (815.30)
Adjustments for decrease (increase) in trade receivables, current (12.10)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (710.50)
Adjustments for decrease (increase) in other non-current assets (9.00)
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 36.30
Adjustments for other bank balances (1,024.30)
Adjustments for increase (decrease) in trade payables, current 1,940.20
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (4.30)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 3,480.50
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 22.10
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 140.50
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 238.20
Adjustments for dividend income 0.00
Adjustments for interest income 111.20
Adjustments for share-based payments 10.50
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 2.50
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 3,960.20
Net cash flows from (used in) operations 6,112.20
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,256.70
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 4,855.50
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 1.50
Purchase of property, plant and equipment 2,268.50
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants (2.30)
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 14.70
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 24.50
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (2,230.10)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.60
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 2,830.70
Repayments of borrowings 4,285.60
Payments of lease liabilities 0.00
Dividends paid 470.90
Interest paid 0.00
Income taxes paid (refund) 776.10
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (2,701.30)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (75.90)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (75.90)
Cash and cash equivalents cash flow statement at beginning of period 632.80
Cash and cash equivalents cash flow statement at end of period 556.90