Companies

Shanthi Gears posts ₹6-cr net in Q4

Our Bureau Chennai April 29 | Updated on April 29, 2019 Published on April 29, 2019

Shanthi Gears Ltd, a subsidiary of Murugappa Group’s Tube Investments of India, has reported a drop in its profit after tax at ₹6.01 crore for the fourth quarter ended March 31, 2019 when compared with ₹9.62 crore in the year-ago quarter.

The profit before tax stood at ₹7.7 crore (₹7.3 crore). Revenue grew 10 per cent at ₹60.1 crore in the fourth quarter. For the full year ended March 31, 2019, its profit after tax was higher at ₹33.35 crore when compared with ₹28.58 crore in 2017-18.

Revenue grew 13 per cent at ₹242.9 crore for 2018-19, according to a statement. The board recommended a final dividend of ₹1 per equity shares of ₹1 each.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on April 29, 2019
This article is closed for comments.
Please Email the Editor