Shanthi Gears Q3 net rises 79%
The Hindu
Shanthi Gears Ltd., a Murugappa Group firm, standalone net profit for the third-quarter ended December rose 79% to ₹17.70 crore. During the period under review, revenue rose 46% to ₹95 crore. The comp
Shanthi Gears Ltd., a Murugappa Group firm, standalone net profit for the third-quarter ended December rose 79% to ₹17.70 crore. During the period under review, revenue rose 46% to ₹95 crore. The company said in a filing it had generated free cash flow of ₹13.9 crore. The company continues to focus on the four key priorities of revenue growth, profitability, ROIC and free cash flow. SGL had an order booking of ₹93 crore and pending order as of December was ₹272 crore. The Board declared an interim dividend of ₹2.50 per share.
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