Gurgaon-based Hi-Tech Gears Ltd reported a net profit of Rs7.3 crore for the first quarter compared to Rs2.8 crore for the same quarter last year.
During the June 2010 period, the company's total revenues increased to Rs92.9 crore, against Rs75.1 crore in the corresponding period last year.
On Monday, Hi-Tech shares declined 4.5% at Rs186 on the Bombay Stock Exchange, while the Sensex closed 0.6% lower at 18,020 points.
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