Hi-Tech Gears Limited reported a 48% decline in consolidated net profit to ₹210 crore for the financial year ended March 31, 2026, compared to ₹404 crore in the previous year. Revenue from operations decreased by 2% to ₹9,084 crore from ₹9,270 crore in FY25. The company's profitability was impacted by cost pressures and a challenging geopolitical environment in North America, which led to a contraction in EBITDA margins to 11.13% from 14.67% in the prior year. The Board of Directors has recommended a final dividend of ₹4 per equity share, subject to shareholder approval.

Financial Performance

The standalone net profit for FY26 stood at ₹331 crore, down 30.2% from ₹474 crore in FY25. Standalone revenue from operations increased marginally by 1.4% to ₹6,668 crore. For the quarter ended March 31, 2026, the consolidated net profit stood at ₹81 crore compared to ₹97 crore in the same period last year, while Q4 consolidated revenue rose 6.4% to ₹2,286 crore.

Operational Metrics and Margins

The company's profitability metrics faced significant pressure during the year. Consolidated EBITDA declined by 25.7% to ₹1,011 crore in FY26, resulting in an EBITDA margin contraction of 354 basis points to 11.13%. In Q4 FY26, consolidated EBITDA fell to ₹252 crore from ₹331 crore in the corresponding quarter of the previous year, with the margin shrinking to 11.02% from 15.40%.

Business Highlights and Outlook

The company stated that its India operations are in a consolidation phase, focusing on improving operational efficiency through machine refurbishment and labour productivity initiatives. Domestic demand improved in Q4 and FY26, supported by higher demand in premium motorcycles and scooters across both EV and ICE segments. However, export revenues declined due to an uncertain geopolitical operating environment in North America, where customers are in a wait-and-watch mode. The company won new business worth ₹860 crore from current customers and ₹312 crore from new customers during FY25-26.

Dividend and Appointments

The Board recommended a final dividend of 40%, or ₹4 per equity share of ₹10 each, for FY26. The company appointed Mr. Vijay Mathur as Executive Director & CFO, effective immediately. Mr. Mathur, a Fellow member of the Institute of Cost Accountants of India, has been associated with the company for 36 years. The statutory auditors, M/s YAPL & Co., Chartered Accountants, issued an unmodified opinion on the financial results.

The Hi-Tech Gears Limited has announced that its board of directors will meet on Friday, May 29, 2026. The primary agenda for the meeting includes the consideration and approval of the audited standalone and consolidated financial results for the company for the quarter and financial year ended March 31, 2026.

In addition to the financial results, the board will deliberate upon and recommend a final dividend on equity shares for the financial year 2025-26, subject to the approval of the directors. The meeting will also cover any other matters with the consent of the Chair and the directors present.

Trading Window Closure

Pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has closed its trading window. The closure commenced on April 1, 2026, and will remain in effect until the conclusion of 48 hours after the board meeting concludes. This measure is intended to prevent the misuse of unpublished price-sensitive information.

Key Meeting Details