Hi-Tech Gears Limited reported a 30% decline in consolidated net profit to ₹209.79 crore for the financial year ended March 31, 2026, compared to ₹403.63 crore in the previous year. The Board of Directors, in its meeting held on May 29, 2026, approved the audited financial results and recommended a final dividend of ₹4 per equity share, subject to shareholder approval. The company also appointed Mr. Vijay Mathur as the Executive Director & Chief Financial Officer (CFO), effective immediately.

Financial Performance

The standalone net profit for FY26 stood at ₹330.54 crore, down from ₹473.78 crore in FY25. Revenue from operations for the year decreased marginally to ₹6,486.50 crore in standalone results and to ₹8,885.64 crore in consolidated results. For the quarter ended March 31, 2026, the consolidated net profit stood at ₹81.12 crore compared to ₹97.16 crore in the same period last year, while Q4 consolidated revenue came in at ₹2,286.18 crore versus ₹2,148.80 crore year-on-year.

Q4 EBITDA Performance

The company's profitability metrics came under pressure in Q4, with consolidated EBITDA declining to ₹252 crore from ₹332 crore in the corresponding quarter of the previous year. The EBITDA margin contracted sharply to 11.27% from 15.79% year-on-year, reflecting increased cost pressures during the quarter.

Dividend and Appointments

The Board recommended a final dividend of 40%, or ₹4 per equity share of ₹10 each, for FY26. Additionally, the Board approved the appointment of Mr. Vijay Mathur as Executive Director & CFO, based on the recommendations of the Nomination & Remuneration Committee and Audit Committee. Mr. Mathur, a Fellow member of the Institute of Cost Accountants of India, has been associated with the company for 36 years.

Operational and Compliance Details

During the year, the company allotted 20,330 equity shares of ₹10 each pursuant to the exercise of options under "The Hi-Tech Gears Limited Stock Incentive Plan, 2021". The statutory auditors, M/s YAPL & Co., Chartered Accountants, issued an unmodified opinion on the financial results. The company also accounted for a past service cost of ₹15.5 million related to the New Labour Codes effective November 21, 2025, under the employee benefits expense head.

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