Shanthi Gears

Standalone net sales (including other operating income) of Shanthi Gears for the quarter ended Dec 2024 has increased 25.47% to Rs 157.51 crore.  Operating profit margin has jumped from 18.60% to 22.19%, leading to 49.68% rise in operating profit to Rs 34.95 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 50.88% to 42.37%.   Employee cost increased from 13.57% to 14.64%.   Other expenses rose from 17.70% to 18.73%.   

Other income up 7.76% to Rs 3.89 crore.  PBIDT rose 44.07% to Rs 38.84 crore.  Provision for interest remained nil.  

PBDT rose 44.07% to Rs 38.84 crore.  Provision for depreciation rose 13.29% to Rs 3.41 crore.  

Profit before tax grew 47.93% to Rs 35.43 crore.  Provision for tax was expense of Rs 9.15 crore, compared to Rs 6.52 crore.  Effective tax rate was 25.83% compared to 27.22%.

Profit after tax rose 50.77% to Rs 26.28 crore.  

 For year-to-date (YTD) results analysis

Net sales (including other operating income) of Shanthi Gears has increased 18.04% to Rs 451.41 crore.  

Operating profit margin has jumped from 19.66% to 21.66%, leading to 30.03% rise in operating profit to Rs 97.76 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 48.51% to 47.29%.   Employee cost decreased from 15.29% to 13.68%.   Other expenses rose from 16.81% to 17.45%.   

Other income fell 7.71% to Rs 10.65 crore.  PBIDT rose 25.01% to Rs 108.41 crore.  Provision for interest remained nil.  

PBDT rose 25.01% to Rs 108.41 crore.  Provision for depreciation rose 8.23% to Rs 9.73 crore.  Profit before tax grew 26.95% to Rs 98.68 crore.  Provision for tax was expense of Rs 25.11 crore, compared to Rs 21.16 crore.  Effective tax rate was 25.45% compared to 27.22%.Profit after tax rose 30.05% to Rs 73.57 crore.  

Shanthi Gears : Standalone Results

Quarter ended Year to Date Year ended Particulars 202412 202312 Var.(%) 202412 202312 Var.(%) 202403 202303 Var.(%) Net Sales (including other operating income) 157.51 125.54 25.47 451.41 382.41 18.04 536.05 445.65 20.28 OPM (%) 22.19 18.60 359 bps 21.66 19.66 200 bps 18.99 20.16 -117 bps OP 34.95 23.35 49.68 97.76 75.18 30.03 101.79 89.83 13.31 Other Inc. 3.89 3.61 7.76 10.65 11.54 -7.71 21.06 11.24 87.37 PBIDT 38.84 26.96 44.07 108.41 86.72 25.01 122.85 101.07 21.55 Interest 0 0 - 0 0 - 0 0 - PBDT 38.84 26.96 44.07 108.41 86.72 25.01 122.85 101.07 21.55 Depreciation 3.41 3.01 13.29 9.73 8.99 8.23 13.21 10.88 21.42 PBT 35.43 23.95 47.93 98.68 77.73 26.95 109.64 90.19 21.57 PBT before EO 35.43 23.95 47.93 98.68 77.73 26.95 109.64 90.19 21.57 EO Income 0 0 - 0 0 - 0 0 - PBT after EO 35.43 23.95 47.93 98.68 77.73 26.95 109.64 90.19 21.57 Taxation 9.15 6.52 40.34 25.11 21.16 18.67 27.39 23.14 18.37 PAT 26.28 17.43 50.77 73.57 56.57 30.05 82.25 67.05 22.67 P/(L) from discontinued operations net of tax 0 0 - 0 0 - 0 0 - Net profit after discontinued operations 26.28 17.43 50.77 73.57 56.57 30.05 82.25 67.05 22.67 EPS (Rs)* 3.43 2.27 50.77 9.59 7.37 30.05 10.72 8.74 22.67 * EPS is on current equity of Rs 7.67 crore, Face value of Rs 1, Excluding extraordinary items. # EPS is not annualised bps : Basis points EO : Extraordinary items Figures in Rs crore Source: Capitaline Corporate Database