Shanthi Gears Ltd.’s (SGL) standalone net profit for the quarter ended March jumped 60% from the year-earlier period to ₹19 crore due to increased sales volumes.
Revenue from operations increased 19% to ₹123 crore, while cost of materials consumed increased marginally to ₹57 crore from ₹56 crore, the gear and gear products manufacturer said in a statement.
The Murugappa group company said it had generated free cash flow of ₹39.20 crore. The return on invested capital improved to 56% from 36%. The board had recommended a special and final dividend of ₹2 per share on successful completion of 50 years.
