Operating profit was up by 53% to Rs 40.93 crore on the back of higher sales and strong 270 basis point improvement in OPM to 33.8%. Finally net profit was up by 42% to Rs 5.59 with prior year taxes being nil as against Rs 6 lakh in the corresponding previous quarter.įor the fiscal ended Mar ‘05, Shanthi Gears has clocked a sales of Rs 121.25 crore, a rise of 41%. Taxation including deferred tax, was higher by 17% to Rs 1.82 crore and thus PAT was up by 39% to Rs 5.59 crore. The interest was up by 117% to Rs 78 lakh, depreciation was down by 15% to Rs 2.70 crore thus PBT was up by 33% to Rs 7.41 crore. Lower other income (down 36% to Rs 18 lakh) the PBIDT was at Rs 10.89 crore, a rise of 32%. But staff cost was down by 74 basis points to 9.3% on y-o-y and other-expenditure was down by 216 basis points to 18.2% on y-o-y. Raw material cost (as a % to sales, net of stocks) was up by 61 basis points to 41.4% on y-o-y. Higher sales spurred operating profit by 34% to Rs 10.71 crore with OPM expand by just 50 basis points to 31.8%. It’s products are encompass Gears, Gear Boxes, Geared Motors and Gear assemblies both standard and custom built, from few grams to over 20 tonnes in weight, from a crude application like hand operated winches to specialty Gears for Aviation industry.įor the quarter ended Jun ‘05, Shanthi Gears registered an impressive 32% growth in sales to Rs 33.69 crore. Major chunk of its revenues (around 65%) comes from gearboxes for speciality applications and only 35% from standard industrial gearboxes. Gears are the Prime Movers of any industry like Steel, Cement, Coal, Thermal Stations, Sugar, Paper, Fertilizer, Material Handling, Textiles, Earth Moving Equipment, etc. Gears and Gear Products manufacturing is the main business of Shanthi Gears.
The order book stands at Rs 45 crore at the end of quarter ended June ’05. The company that has experienced a decline in bottomline in quarter ended Mar ’05 on account of higher taxation has bounced back to register a growth of 42% in net profit to Rs 5.59 crore. Shanthi Gears (SGL) powered by industrial upswing has registered a sales of Rs 33.69 crore, a rise of 32% for the quarter ended Jun ’05 continuing its good performance in 2004-05.
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