Shanthi Gears Q1 revenue and PAT more than doubles, orders book at Rs84cr in the quarter

During the quarter the Company booked orders for Rs84cr and the Pending order book as of 30th June 2021 was Rs235cr as against Rs164cr in the corresponding quarter of the previous year.

Jul 23, 2021 05:07 IST India Infoline News Service

Quarterly Results
Shanthi Gears Limited (SGL) a subsidiary of Tube Investments of India Limited, remained strong during the quarter despite disruptions in operations due to 2nd wave of the COVID 19 pandemic.

The company’s Revenue of Rs67cr in Q1FY22 is against Rs25.1cr in Q1FY20. The Profit before tax for the quarter was Rs11.5cr as against Rs4.5cr in Q1 of the previous year.

Focus on cost optimisation enabled to sustain the Return on average Invested Capital (ROIC) at 29% during Q1.

During the quarter the Company booked orders for Rs84cr and Pending order book as on 30th June 2021 was Rs235cr as against Rs164cr in corresponding quarter of the previous year.

In view of the widespread resurgence of the COVID -19, the Government of Tamil Nadu had enforced a total lockdown in the State from May 10, 2021. Consequent thereto, there was a disruption in our operations due to shortage of manpower and receipt of Raw Materials during the aforesaid period.

The stock ended at Rs151.05 up by Rs0.85 or 0.57% from its previous closing of Rs150.20 on the BSE. The scrip opened at Rs151.70 and has touched a high and low of Rs154.75 and Rs149 respectively.

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