Shanthi Gears Q4 net jumps 60% on increased sales volumes

May 09, 2023 09:46 pm | Updated 09:49 pm IST - Chennai

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.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.