Comments
Coimbatore-based gear and gear products manufacturer Shanthi Gears Ltd, which has been taken over by the Chennai-based Murugappa Group, has witnessed a marginal decline in net income and profit in the second quarter of the current year compared to the same period in the previous fiscal. The income from operations was Rs 39.56 crore compared with Rs 42.71 crore in the same quarter last year. The net profit slipped to Rs 5.72 crore in the September ended quarter (Rs 7.12 crore). The EPS (share price Re 1) was Re 0.70 (Rs 0.87). The Shanthi Gears counter witnessed a huge trading volume of 1.50 lakh shares in the NSE. The stock closed at Rs 73.25.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.