'Standalone net sales (including other operating income) of Shanthi Gears has declined 2.83% to Rs 134.89 crore. Operating profit margin has jumped from 20.64% to 22.62%, leading to 6.49% rise in operating profit to Rs 30.51 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 51.20% to 45.97%. Employee cost increased from 12.84% to 14.23%. Other expenses rose from 17.18% to 17.36%.
Other income up 11.21% to Rs 3.77 crore. PBIDT rose 6.99% to Rs 34.28 crore. Provision for interest remained nil.
PBDT rose 6.99% to Rs 34.28 crore. Provision for depreciation rose 18.45% to Rs 3.66 crore.
Profit before tax grew 5.77% to Rs 30.62 crore. Provision for tax was expense of Rs 7.93 crore, compared to Rs 7.29 crore. Effective tax rate was 25.90% compared to 25.18%.
Profit after tax rose 4.76% to Rs 22.69 ...
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