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**Financial Highlights:**
For H1 FY25, the Hi-Tech Gears Ltd. reported operational revenue of INR 5,070 Mn, a decline of 7.3% YoY, with an EBITDA of INR 762 Mn, reflecting an 11.6% increase YoY. The EBITDA margin improved to 15.03%. The standalone performance mirrored this trend, showing an 8.1% decline in operational revenue at INR 3,524 Mn, while EBITDA increased by 8.1%, reaching INR 532 Mn, with a margin of 15.10%.
**Strategic Initiatives and Growth Drivers:**
The company is focused on optimizing costs, leading to reduced raw material consumption and lower finance costs. New programs in collaboration with Mahindra & Mahindra for SUVs and Jawa bikes are progressing well.
**Business Developments:**
THGL is pivoting towards electric vehicles (EV), enhancing its engineering capabilities and expanding customer reach. New customer additions amounted to around INR 2,449 Mn annually, primarily from EVs and higher CC bikes.
**Market Position and Competitive Advantage:**
With a strong foothold in the automotive component sector, THGL caters to diverse segments. Its operational excellence is bolstered by lean manufacturing practices and strategic partnerships with global OEMs.
**Investor Implications:**
Investors should observe the firm’s adaptability to market changes, particularly the shift towards EVs and its solidifying presence in North America, which bodes well for long-term growth prospects amidst current challenges. The focus on cost optimization and increased orders presents a positive outlook moving forward.