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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. Total dividend for 2018-19 is ₹6 per equity share including an one time special interim dividend of ₹5 per share.
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