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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Geographical
Description of single segment
Start date and time of board meeting 29-May-2025   15:45:00
End date and time of board meeting 29-May-2025   18:30:00
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 Declaration of unmodified opinion



Financial Results Ind-AS
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 2148800000 9269640000
Other income 42990000 117170000
Total income 2191790000 9386810000
2 Expenses
(a) Cost of materials consumed 1066260000 4515730000
(b) Purchases of stock-in-trade 43030000 156360000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -41860000 -50900000
(d) Employee benefit expense 346770000 1635430000
(e) Finance costs 43400000 213710000
(f) Depreciation, depletion and amortisation expense 159300000 634660000
(f) Other Expenses
1 Other Expenses 402440000 1654160000
Total other expenses 402440000 1654160000
Total expenses 2019340000 8759150000
3 Total profit before exceptional items and tax 172450000 627660000
4 Exceptional items 0 0
5 Total profit before tax 172450000 627660000
6 Tax expense
7 Current tax 63520000 188400000
8 Deferred tax 11770000 35630000
9 Total tax expenses 75290000 224030000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 97160000 403630000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 97160000 403630000
17 Other comprehensive income net of taxes -83060000 -142860000
18 Total Comprehensive Income for the period 14100000 260770000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 187930000 187930000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 4647820000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 5.17 21.49
Diluted earnings (loss) per share from continuing operations 5.17 21.46
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 5.17 21.49
Diluted earnings (loss) per share from continuing and discontinued operations 5.17 21.46
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 Financial Results (Standalone and Consolidated) have been reviewed by the Audit Committee at their meeting held on 29th May 2025 & thereafter approved by the Board of Directors in their meeting held on 29th May 2025. These results have been audited by the Statutory Auditors of the Company. n2.tFigures for the quarter ended March 31, 2025, and March 31, 2024, represent the balancing figures between the audited figures for the full financial year and the published year-to-date reviewed figures up to the third quarter of the respective financial year. n3.The Board of Directors have recommended a final dividend of Rs. 5 (Rupees Five Only) per equity shares of Rs.10/- (Rupees Ten only) each, i.e. 50 % on the paid-up share capital of the Company, subject to the approval of the members at their Annual General Meeting. n4.The Nomination and Remuneration Committee of the Board of Directors of the Company vide its resolution dated February 12, 2025, has approved allotment of 15,031 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. 18,77,81,860/-consisting of 1,87,78,186 equity shares of Rs. 10/- each. to Rs. 18,79,32,170/-consisting of 1,87,93,217 equity shares of Rs. 10/- each. n5.The standalone operations of the company fall under the 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. n6.Other Comprehensive Income mentioned in point number 17 includes loss amounting to Rs 116.20 million on account of impairment in fair valuation of investment in the equity shares of Altigreen Propulsion Labs Private Limited based on the share valuation report of registered valuer. n n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 3736980000
Capital work-in-progress 11790000
Investment property 0
Goodwill 304180000
Other intangible assets 413520000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 6370000
Trade receivables, non-current 0
Loans, non-current 1410000
Other non-current financial assets 59330000
Total non-current financial assets 67110000
Deferred tax assets (net) 2480000
Other non-current assets 57120000
Total non-current assets 4593180000
2 Current assets
Inventories 1254680000
Current financial asset
Current investments 0
Trade receivables, current 1530440000
Cash and cash equivalents 114330000
Bank balance other than cash and cash equivalents 243060000
Loans, current 3340000
Other current financial assets 49020000
Total current financial assets 1940190000
Current tax assets (net) 13490000
Other current assets 239250000
Total current assets 3447610000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 8040790000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 187930000
Other equity 4647820000
Total equity attributable to owners of parent 4835750000
Non controlling interest
Total equity 4835750000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1270630000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
Total non-current financial liabilities 1270630000
Provisions, non-current 37260000
Deferred tax liabilities (net) 38610000
Deferred government grants, Non-current
Other non-current liabilities 8060000
Total non-current liabilities 1354560000
Current liabilities
Current financial liabilities
Borrowings, current 751260000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 70520000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 769230000
Total Trade payable 839750000
Other current financial liabilities 165490000
Total current financial liabilities 1756500000
Other current liabilities 66900000
Provisions, current 21450000
Current tax liabilities (Net) 5630000
Deferred government grants, Current
Total current liabilities 1850480000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 3205040000
Total equity and liabilites 8040790000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 India 1638980000 6689110000
2 Canada 540240000 2589750000
3 Others 53980000 245000000
Total Segment Revenue 2233200000 9523860000
Less: Inter segment revenue 41410000 41410000
Revenue from operations 2191790000 9386810000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 India 204280000 737270000
2 Canada 20100000 122430000
3 Others -8530000 -18330000
Total Profit before tax 215850000 841370000
i. Finance cost 43400000 43400000
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 172450000 627660000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 India 5058460000 5058460000
2 Canada 2976920000 2976920000
3 Others 5410000 5410000
Total Segment Asset 8040790000 8040790000
Un-allocable Assets 0 0
Net Segment Asset 8040790000 8040790000
4 Segment Liabilities
Segment Liabilities
1 India 1997850000 1997850000
2 Canada 1205230000 1205230000
3 Others 1960000 1960000
Total Segment Liabilities 3205040000 3205040000
Un-allocable Liabilities 0 0
Net Segment Liabilities 3205040000 3205040000
Disclosure of notes on segments



Other Comprehensive Income
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
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 Items that will not be reclassified to profit or loss -115290000 -115200000
Total Amount of items that will not be reclassified to profit and loss -115290000 -115200000
2 Income tax relating to items that will not be reclassified to profit or loss -15160000 -21390000
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit or loss 23060000 -29580000
Total Amount of items that will be reclassified to profit and loss 23060000 -29580000
4 Income tax relating to items that will be reclassified to profit or loss 5990000 19470000
5 Total Other comprehensive income -83060000 -142860000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 627660000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 213710000
Adjustments for decrease (increase) in inventories -18350000
Adjustments for decrease (increase) in trade receivables, current 469400000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 45750000
Adjustments for decrease (increase) in other non-current assets -440000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 12230000
Adjustments for other bank balances 186180000
Adjustments for increase (decrease) in trade payables, current -240570000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 14020000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 634660000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 13480000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -48900000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -34120000
Adjustments for dividend income 30000
Adjustments for interest income 32070000
Adjustments for share-based payments 3620000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -2930000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 1215640000
Net cash flows from (used in) operations 1843300000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 165960000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1677340000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 9970000
Purchase of property, plant and equipment 240450000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants -760000
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 360000
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 30000
Interest received 32070000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -198780000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 150000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 1124680000
Payments of lease liabilities 72520000
Dividends paid 93890000
Interest paid 213100000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -1504040000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -25480000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -25480000
Cash and cash equivalents cash flow statement at beginning of period 139810000
Cash and cash equivalents cash flow statement at end of period 114330000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s YAPL & Co., Chartered Accountants Yes 31-Mar-2027