The Board of Directors of Shanthi Gears Limited (SGL) a subsidiary of Tube Investments of India Limited (TII), met today and approved the financial results for the quarter and six months ended 30th September, 2021.
The Company continues to focus on 4 key priorities of Revenue growth, Profitability, ROIC and Free Cash Flow (FCF).
- Revenue of ₹ 71.8 Crores in the quarter with a 34% growth over Q2 of previous year.
- The Profit before tax for the quarter was at ₹ 11.3 Crores as against ₹ 8.2 Crores in Q2 of previous year.
- Focus on cost optimisation and lower capital employed enabled to sustain the Return on Invested Capital (ROIC) to 25% during Q2.
During the quarter the Company booked orders for ₹ 89 Crores (against ₹ 76 Crores for corresponding quarter of the previous year). Pending orderbook as on 30th September 2021 was ₹ 260 Crores against ₹ 187 Crores in the previous year.
Shares of Shanthi Gears Limited was last trading in BSE at Rs. 160.75 as compared to the previous close of Rs. 157.10. The total number of shares traded during the day was 25874 in over 940 trades.
The stock hit an intraday high of Rs. 164.65 and intraday low of 158.25. The net turnover during the day was Rs. 4191907.00.