DSIJ Mindshare

HI-Tech Gears Ltd reported its results for the quarter ended September 30, 2018, after market hours today. HI-Tech Gears Limited's standalone revenue for the quarter came in at Rs. 178.23 crore.

On the last trading day of October, the Indian equities market's breadth closed in favour of advances with an advance-decline ratio at 2:1. The BSE Sensex closed at 34,442.05, up by 550.92 points or 1.63 per cent, while the broader benchmark index Nifty50 closed at 10,386 level, up by 1.85 per cent. 

The sales mix for Q2FY19 comprises of North America (32 per cent), India (31 per cent), APAC (16 per cent), EMEA (7 per cent), LATAM (4 per cent) and ROW (1 per cent) and API (9 per cent).

The company has witnessed a strong growth of 46 per cent, with order wins worth Rs. 41,921 crore at the group level during the quarter led by pick-up in domestic ordering activity. The consolidated order book stood at Rs. 281,166 crore as at September 30, 2018.

The company on Wednesday reported its Q2FY19 earnings.