India’s Hi-Tech Gears' FY 2014/15 net profit up 15.6% y/y to USD2.9 million
Company benefited from recovery in vehicle sales in India
Hi-Tech Gears reported a 15.6% year-over-year (y/y) increase in net profit to INR184.2 million (USD2.9 million 31 March 2015), on standalone basis, for the financial year ended 31 March 2015 (FY 2014/15), the India-based automotive gear supplier said in a filing to the Bombay Stock Exchange (BSE).
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