Hi-Tech Gears reports mixed Q2, H1 financials amid strategic shift

Hi-Tech Gears Limited reported its Q2 FY26 consolidated operational revenue at INR 2,407 mn, a slight decrease of 2.3% year-over-year. Consolidated EBITDA for the quarter stood at INR 278 mn, marking a 21.0% year-over-year decline, with EBITDA margin at 11.55%. PBT before exceptional items was INR 96 mn, down 37.7% year-over-year, and PAT reached INR 60 mn, a 36.8% year-over-year decrease. Diluted EPS for Q2 FY26 was INR 3.19. Standalone operational revenue showed marginal growth of 0.6% year-over-year to INR 1,741 mn, while standalone EBITDA decreased by 22.7% year-over-year to INR 197 mn, resulting in an 11.32% EBITDA margin.

For the first half of FY26, consolidated operational revenue was INR 4,563 mn, a 10.0% year-over-year decrease, with EBITDA at INR 540 mn, down 29.1% year-over-year. Consolidated PAT for H1 FY26 was INR 120 mn, a significant 49.6% year-over-year drop. The company is focusing on operational efficiency, productivity improvements, and expanding its EV business, having won new EV orders from Hero MotoCorp and Dana.