Shanthi Gears Seeks Shareholder Approval for Director Appointment and Chairman's Remuneration Aug 18, 2025
More news about Shanthi Gears
30Jul 25
Shanthi Gears Reports 5% PAT Growth in Q1, Appoints New Independent Director
Shanthi Gears Limited reported a slight decrease in revenue to ₹134.89 crores for Q1 FY24, down from ₹138.82 crores in Q1 FY23. However, the company saw improvements in profitability with a 6% increase in Profit Before Tax to ₹30.62 crores and a 5% growth in Profit After Tax. The company achieved a 49% Return on Invested Capital and generated ₹26.10 crores in free cash flow, up 24% year-over-year. New orders worth ₹145.00 crores were booked, with an unexecuted order book of ₹249.00 crores. The company also announced board changes, with Ms. Aruna Thangaraj appointed as a new Independent Director.
Shanthi Gears, a leading industrial gear manufacturer, reported mixed financial results for FY 2023-24. While Q4 net profit declined to ₹22.50 crore from ₹25.70 crore year-over-year, annual performance showed significant growth. Full-year revenue increased by 21.93% to ₹557.10 crore, with net profit rising 22.65% to ₹82.30 crore. EBITDA grew 21.46% to ₹122.80 crore, and sales reached ₹536.00 crore, up 20.29%. The company maintained an Operating Profit Margin of 18.99% for the fiscal year.