The Hi-Tech Gears Q4 FY26: Revenue held up, margins reset as efficiency investments peak

FY26 consolidated operational revenue was INR 9,084 million.

FY26 consolidated EBITDA was INR 1,011 million (down 25.7% YoY) and PAT was INR 210 million (down 48.0% YoY). EBITDA margin was 11.13% and PAT margin was 2.31%.

FY26 consolidated revenue contribution was Two Wheelers 31%, Passenger Vehicles 40%, and Commercial Vehicles and Off-Highway 29%.

FY26 revenue contribution was India 54% and International 46% (exports plus North America subsidiary).

Management highlighted a consolidation phase focused on machine refurbishment, throughput improvement, and labour productivity, with machine shop refurbishment expected to complete around Q2 FY26-27 and select overhauls planned in Q1 and Q2 FY27.

Yes. The presentation states the company won EV business from Hero Moto Corp and Dana and it is currently in production, with active quotes across EV customers.

Management cited an uncertain geo-political operating environment leading customers to be in wait-and-watch mode, along with higher raw material costs due to product mix change impacting profitability.