Hi-Tech Gears Reports Mixed Financial Results Amid Interest Coverage Improvement in March 2025

The Hi-Tech Gears, a small-cap player in the Auto Components & Equipment industry, has released its financial results for the quarter ending March 2025. The evaluation changes reflect a shift in the company's score, which has moved to -12 from -13 over the past three months.
Analyzing the financials, the company has demonstrated a notable ability to manage its interest payments, with the operating profit to interest ratio reaching its highest level in five quarters at 7.65 times. This indicates an improvement in the company's capacity to cover interest obligations.

However, several areas indicate challenges for The Hi-Tech Gears. The net sales for the quarter stood at Rs 214.88 crore, showing a decline of 14.0% compared to the average of the previous four quarters. Similarly, the profit after tax (PAT) decreased to Rs 9.72 crore, reflecting a drop of 19.8% against the prior four-quarter average. The profit before tax, excluding other income, also fell to Rs 12.95 crore, down 7.4% from the previous average. On a positive note, non-operating income reached its highest level in five quarters at Rs 4.30 crore, although this increase may not be sustainable.

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