Stock Report

Shanthi Gears Ltd reports PAT of Rs. 8.58 crore in Q1FY22



Posted On : 2021-07-21 13:56:12( TIMEZONE : IST )

Shanthi Gears Ltd reports PAT of Rs. 8.58 crore in Q1FY22

SHANTHI GEARS LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.69.07 crores during the period ended June 30, 2021 as compared to Rs.74.74 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.8.58 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.9.42 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.1.12 for the period ended June 30, 2021 as compared to Rs.1.23 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 69.07 crs₹ 74.74 crsDown Tick -7.59%
Net Profit₹ 8.58 crs₹ 9.42 crsDown Tick -8.92%
EPS₹ 1.12₹ 1.23Down Tick -8.94%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.69.07 crores during the period ended June 30, 2021 as compared to Rs.26.93 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.8.58 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(3.58) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.1.12 for the period ended June 30, 2021 as compared to Rs.(0.47) for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 69.07 crs₹ 26.93 crsUp Tick 156.48%
Net Profit₹ 8.58 crs₹ (3.58) crsUp Tick 339.66%
EPS₹ 1.12₹ (0.47)Up Tick -338.3%

During the quarter the Company booked orders for ₹ 84 Crores and Pending order book as on 30th June 2021 was ₹ 235 Crores as against ₹ 164 Crores 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 10th May, 2021. Consequent thereto, there was a disruption in our operations due to shortage of manpower and receipt of Raw Materials during the aforesaid period.

Shares of SHANTHI GEARS LTD. was last trading in BSE at Rs. 144.65 as compared to the previous close of Rs. 148.8. The total number of shares traded during the day was 2389 in over 198 trades.

The stock hit an intraday high of Rs. 151.15 and intraday low of 142.5. The net turnover during the day was Rs. 348480.

Source : Equity Bulls

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