Shanthi Gears Q4 net profit up by 20% over Q3

The Board of Directors of Shanthi Gears Limited (SGL), a subsidiary of Tube Investments of India Limited (TII), met today and approved the financial results for the quarter and year ended 31st March 2021.

Highlights

The Company continues to focus on 4 key priorities of Revenue growth, Profitability, ROCE and Free Cash Flow (FCF). SGL delivered strong performance on all these 4 priorities in Q4:

- Revenue of ₹ 71.9 Crores in Q4 with a 73% growth over Q4 of previous year. Revenue of ₹ 215.5 Crores in the financial year with a 11% de-growth over previous year.

- The Profit Before Tax (PBT) of ₹ 12.3 Crores in Q4 as against ₹ 0.5 Crores in Q4 of previous year. PBT of ₹ 26.1 Crores in the financial year with a 20% de-growth over previous year.

- Consequent to lower PBT, the Return on average Capital Employed (ROCE) declined to 15% in this financial year from 19% in previous year.

- The Company generated cumulative operating Free Cash Flow of ₹ 21 Crores during the year. Cumulative Free Cash Flow to PAT is 105%.

During the year the Company had booked orders for ₹ 305 Crores and registered 20% growth over previous year.

Pending orderbook as on 31st March 2021 was ₹ 225 Crores against ₹ 155 Crores in the previous year.

Shares of SHANTHI GEARS LTD. was last trading in BSE at Rs.147.5 as compared to the previous close of Rs. 149.05. The total number of shares traded during the day was 2602 in over 63 trades.

The stock hit an intraday high of Rs. 152.1 and intraday low of 146. The net turnover during the day was Rs. 388375.

Source : Equity Bulls

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