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Gear producer Shanthi Gears has reported a 26.6 per cent rise in its revenue after tax for the quarter ended September 30, 2023, at Rs 21.02 crore, the corporate stated on Wednesday.
The Tamil Nadu-based firm had registered a revenue after tax at Rs 16.60 crore through the corresponding interval of final yr.
For the six-month interval ended September 30, 2023, the revenue after tax grew to Rs 39.14 crore from Rs 30.04 crore registered in the identical interval of final yr.
Whole earnings through the quarter beneath overview grew to Rs 139.36 crore from Rs 112.03 crore registered within the corresponding interval of final yr.
For the half yr ended September 30, 2023, the overall earnings surged to Rs 264.80 crore as in opposition to Rs 213.02 crore registered in the identical interval of final yr.
The corporate, a subsidiary of Tube Investments of India Ltd, in a press release, stated it focuses on 4 key priorities — income progress, profitability, return on invested capital, and free money movement.
SGL delivered a powerful efficiency on all these 4 priorities, the corporate stated.
Through the quarter beneath overview, the corporate stated it booked orders for Rs 149 crore with a 43 per cent progress over Q2 of final yr.
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