NE BUSINESS BUREAU
COIMBATORE, FEB 10
Coimbatore-based Shanthi Gears Limited (SGL), a subsidiary of Tube Investments of India Limited (TII) has earned revenue of Rs. 64.8 Cr during the third quarter ending December 2020, thus registered a 12% growth over Q3 of the previous year, says a release from the company.
The Board of Directors of Shanthi Gears Limited (SGL) met today and approved the financial results for the quarter and nine months ended December 31, 2020.
Highlights of the Q3 results:
The Company continues to focus on 4 key priorities of Revenue growth, Profitability, ROCE and Free Cash Flow (FCF).
- Revenue of Rs. 8 Crores in the quarter with a 12% growth over Q3 of previous year.
- The Profit before tax for the quarter up by 32% at Rs.2 Crores as against ₹ 7.7 Crores in Q3 of previous year.The Profit before tax % to Sales was 16% for Q3.
- Focus on cost optimisation and lower capital employed enabled to sustain the Return on average Capital Employed (ROCE) to 4%during Q3.
- The Company generated free cash flow of Rs. 2 Crores during Q3 and Free cash flow to PAT is 132% in Q3.
- During the quarter, the Company has registered highest ever order book of Rs 104 Crores (96% growth over previous year). Pending order book as on December 31. 2020 is Rs. 220 Crores against Rs. 127 Crores in the previous year.
The Board also declared an interim dividend of Rs. 1.5 per share of Face Value Rs. 1 per share for the financial year 2020-21, the release added.
