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Shanthi Gears Ltd, part of the Murugappa Group, reported a profit after tax (PAT) of ₹21 crore for the quarter ended September 30, 2023, compared with ₹17 crore PAT in the year-ago quarter.
Revenue from operations grew to ₹135 crore (₹109 crore). Profit before tax for the quarter grew 32 per cent at ₹30 crore (₹22.5 crore).
Focus on cost optimisation and lower invested capital enabled improvement in return on invested capital to 72 per cent during Q2, according to a statement. The company generated a free cash flow of ₹19.1 crore (₹11.2 crore).
During the quarter under review, the company booked orders for ₹149 crore, an increase of 43 per cent over the year-ago period.
- Also read: Tech Mahindra profit dips 61% in Q2
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