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.
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.