Feedback

Shanthi Gears Limited Reports Strong Q1 Financial Performance

Mumbai, July 29, 2024 — Shanthi Gears Limited (SGL), a subsidiary of Tube Investments of India Limited (TII), announced its financial results for the quarter ended June 30, 2024. The company reported a significant increase in both revenue and profit, continuing its strong performance trajectory.

Key Financial Highlights

Introduction

Shanthi Gears Limited has reported impressive financial results for the first quarter of the fiscal year 2024-25, demonstrating strong growth in revenue and profitability. The Board of Directors approved the unaudited standalone financial results during their meeting held today.

Financial Performance Overview

Revenue and Profit Growth

• Revenue: ₹138.8 Crores, a 14% increase compared to Q1 of the previous year.
• Profit Before Tax (PBT): ₹29.0 Crores, a 20% rise from ₹24.1 Crores in Q1 of the previous year.

Additional Financial Metrics

• Return on Average Invested Capital (ROIC): 52% in Q1.
• Free Cash Flow (FCF): ₹21.1 Crores generated during Q1.

Detailed Financial Results

Revenue from Operations

• Q1 FY 2024-25: ₹138.8 Crores
• Q4 FY 2023-24: ₹153.64 Crores
• Q1 FY 2023-24: ₹121.45 Crores

Other Income

• Q1 FY 2024-25: ₹3.39 Crores
• Q4 FY 2023-24: ₹9.52 Crores
• Q1 FY 2023-24: ₹3.99 Crores

Total Income

• Q1 FY 2024-25: ₹142.21 Crores
• Q4 FY 2023-24: ₹163.16 Crores
• Q1 FY 2023-24: ₹125.44 Crores

Expenses Breakdown

• Cost of Materials Consumed: ₹78.13 Crores
• Employee Benefits Expense: ₹19.60 Crores
• Depreciation and Amortization: ₹3.09 Crores
• Other Expenses: ₹26.21 Crores

Total Expenses: ₹110.20 Crores

Profit Analysis

• Profit Before Tax (PBT): ₹28.95 Crores
• Profit After Tax (PAT): ₹21.66 Crores
• Total Comprehensive Income: ₹21.57 Crores

Strategic Focus and Future Outlook

Shanthi Gears continues to emphasize its four key priorities: Revenue, Profitability, Return on Invested Capital, and Free Cash Flow. The company's strategic initiatives have resulted in a robust financial performance, with significant improvements in key metrics compared to the previous year.

Order Book