The Hi-Tech Gears Q1 FY27: Revenue rises, margins hold, profit stays under pressure

Consolidated operational revenue was INR 2,377 Mn, EBITDA was INR 263 Mn with 11.06 percent margin, PBT was INR 64 Mn and PAT was INR 48 Mn.

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

In FY26, India contributed 54 percent of revenue and international contributed 46 percent, supported by operations in India, Canada and the USA.

The company cited ongoing transformation and refurbishment cost absorption, inflation in energy and consumables, intermittent gas shortage disruptions, and higher manpower costs including minimum wage revision.

The company stated it won EV business from Hero Moto Corp and Dana and that these programs are currently in production, with active EV quotes across customers.

The company reported annualized new business won of about Rs 803 Mn in FY23-25 and about Rs 1,172 Mn in FY25-26, with average ramp-up time of 2-3 years post SOP.

The presentation reported net debt to equity of 0.05x in FY26.