Hi-Tech Gears Q2 FY27: Tracking The Margin Trend

Hi-Tech Gears CMP Rs 544. Q1 FY27 revenue Rs 237.69 Cr, net profit Rs 4.76 Cr. PE 51.88, ROE 4.13%. Margins have compressed over FY26.

Track the latest Hi-Tech Gears share price on Univest. This Hi-Tech Gears Q2 results preview for FY27 focuses on the auto-component maker’s margin trend across FY26 and its recent quarterly numbers, based strictly on reported historical figures. The Hi-Tech Gears Q2 results trend described here reflects only what has already been reported to exchanges.

Hi-Tech Gears Q2 Results Date for FY27

Hi-Tech Gears has not announced a Q2 FY27 results date. Auto-component companies of this size typically report September-quarter results in the October to November window. This Hi-Tech Gears Q2 results preview will need updating once the company confirms an exact board meeting date. This Hi-Tech Gears Q2 results outlook is based only on historical, already-reported figures. Any reader researching the Hi-Tech Gears Q2 results should treat the figures above as historical reference points.

Hi-Tech Gears Q2 Results Expectations

Expectations for Hi-Tech Gears’ Q2 FY27 results should be framed around its margin trend, which has factually compressed over FY26 compared with the prior year. OPM has moved from 12.13% in Jun25 down to 11.55% in Sep25, 9.81% in Dec25, and a partial recovery to 11.04% and 11.08% in the following two quarters, still below the Jun25 starting point. Whether this compression stabilises, deepens or reverses in the Sep 2026 quarter is the key open question this preview raises, without assigning a specific outcome. Readers following the Hi-Tech Gears Q2 results should note that no forward estimate is implied here. As with the rest of this Hi-Tech Gears Q2 results preview, the numbers cited are drawn from public filings.

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Previous Quarter (Q1 FY27, Jun 2026) Performance

In Q1 FY27 (Jun 2026), Hi-Tech Gears reported revenue of Rs 237.69 Cr, operating profit of Rs 26.34 Cr, an OPM of 11.08%, and net profit of Rs 4.76 Cr. Revenue was broadly stable versus the Mar26 quarter’s Rs 228.62 Cr, though net profit was lower than the Rs 8.11 Cr reported in Mar26. The Hi-Tech Gears Q2 results discussion above draws entirely on numbers the company has already disclosed. This Hi-Tech Gears Q2 results outlook is based only on historical, already-reported figures.

Q2 FY26 (Sep 2025) Base Quarter

The year-ago comparison quarter, Q2 FY26 ended September 2025, saw revenue of Rs 240.74 Cr, operating profit of Rs 27.8 Cr, OPM of 11.55%, and net profit of Rs 6.01 Cr. This was the highest revenue quarter in the five-quarter data set, and its OPM of 11.55% will be the direct year-on-year benchmark once Sep 2026 results are announced. For context on the Hi-Tech Gears Q2 results, the preceding quarterly figures are all historical, not projected. Readers following the Hi-Tech Gears Q2 results should note that no forward estimate is implied here.

Recent Quarterly Trend: Jun 2025 to Jun 2026

Across five quarters, revenue held in a relatively narrow band: Rs 215.55 Cr (Jun25), Rs 240.74 Cr (Sep25), Rs 223.52 Cr (Dec25), Rs 228.62 Cr (Mar26) and Rs 237.69 Cr (Jun26). Operating profit followed a similar pattern, Rs 26.15 Cr, Rs 27.8 Cr, Rs 21.92 Cr, Rs 25.23 Cr and Rs 26.34 Cr, but OPM steadily declined from the Jun25 level of 12.13% through the year. Net profit was the most volatile line: Rs 6.0 Cr, Rs 6.01 Cr, Rs 0.86 Cr, Rs 8.11 Cr and Rs 4.76 Cr, with the Dec25 figure sharply depressed by a very high effective tax rate that quarter, despite a decent operating profit of Rs 21.92 Cr. This section of the Hi-Tech Gears Q2 results coverage relies solely on reported data, not analyst forecasts.

Key Factors to Watch

Two factors stand out for Hi-Tech Gears heading into Q2 FY27. First, the margin compression seen across FY26 relative to the prior year is a factual, data-confirmed trend, and whether OPM can move back toward the Jun25 level of 12.13% is a reasonable point to monitor once results are out. Second, the Dec25 quarter’s net profit was hit by an unusually high effective tax rate described as a one-off tax-related item, a reminder that net profit in any single quarter can diverge from the underlying operating profit trend for reasons unrelated to core auto-component demand. The Hi-Tech Gears Q2 results trend described here reflects only what has already been reported to exchanges.

Hi-Tech Gears Valuation Metrics

At a CMP of Rs 544, Hi-Tech Gears trades at a PE of 51.88 and a PB of 1.96, against a book value of Rs 278 per share and trailing EPS of Rs 10.49. ROE is modest at 4.13%, with a debt-to-equity ratio of 0.2. The 52-week range is Rs 521.25 to Rs 897.45, and the stock currently trades below both its 50-day moving average of Rs 566.02 and its 200-day moving average of Rs 618.86, with an RSI of 39.0. Dividend yield is 0.74%, and market capitalisation is around Rs 1,024 Cr. Any reader researching the Hi-Tech Gears Q2 results should treat the figures above as historical reference points.

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What to Watch in the Q2 FY27 Results

When Hi-Tech Gears releases its Q2 FY27 results, the key metrics to check are whether OPM recovers toward the 12% level seen a year earlier in Jun25, whether net profit normalises after the tax-driven volatility seen in Dec25, and whether revenue continues in the Rs 215-240 Cr range observed over the last five quarters. These are simply the trend lines worth watching, not an estimate of the actual Sep 2026 numbers. As with the rest of this Hi-Tech Gears Q2 results preview, the numbers cited are drawn from public filings.

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Conclusion

This Hi-Tech Gears Q2 results preview for FY27 has stayed within the company’s own reported numbers across five quarters, the margin compression seen through FY26, the Dec25 tax-related profit hit, the Q1 FY27 base, and current valuation. No results date or forecast figure for the Sep 2026 quarter has been assumed, and readers should wait for the official announcement. This Hi-Tech Gears Q2 results outlook is based only on historical, already-reported figures.

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Univest is a SEBI-registered research analyst (Registration No. INH000013776). This article is for informational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Historical financial data has been sourced from company disclosures; readers should verify current figures independently and consult a SEBI-registered advisor before making investment decisions. Investments in securities are subject to market risk.

When is the Hi-Tech Gears Q2 FY27 results date?

Ans. No results date has been announced yet for the quarter ended September 2026. Auto-component companies of this size typically report results in October or November. Readers following the Hi-Tech Gears Q2 results should note that no forward estimate is implied here.

Have Hi-Tech Gears’ margins been under pressure?

Ans. Yes, operating profit margin has compressed over FY26 compared with the prior year, moving from 12.13% in Jun25 down to as low as 9.81% in Dec25 before a partial recovery to 11.08% in Jun26. The Hi-Tech Gears Q2 results discussion above draws entirely on numbers the company has already disclosed.

Why was Hi-Tech Gears’ net profit low in Dec25?

Ans. Dec25 net profit of Rs 0.86 Cr was crushed by a very high effective tax rate that quarter, a one-off tax-related item, despite the company reporting a decent operating profit of Rs 21.92 Cr. For context on the Hi-Tech Gears Q2 results, the preceding quarterly figures are all historical, not projected.

What were Hi-Tech Gears’ Q1 FY27 results?

Ans. In Q1 FY27 (Jun 2026), the company reported revenue of Rs 237.69 Cr, operating profit of Rs 26.34 Cr with an OPM of 11.08%, and net profit of Rs 4.76 Cr. This section of the Hi-Tech Gears Q2 results coverage relies solely on reported data, not analyst forecasts.