Shanthi Gears Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 09, 2023 at 11:56 am EDT
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Shanthi Gears Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 1,234 million compared to INR 1,036.2 million a year ago. Revenue was INR 1,261.8 million compared to INR 1,059.2 million a year ago. Net income was INR 194.7 million compared to INR 122.2 million a year ago. Basic earnings per share from continuing operations was INR 2.54 compared to INR 1.59 a year ago. Diluted earnings per share from continuing operations was INR 2.54 compared to INR 1.59 a year ago.
For the full year, sales was INR 4,456.5 million compared to INR 3,370.7 million a year ago. Revenue was INR 4,568.9 million compared to INR 3,461.2 million a year ago. Net income was INR 670.5 million compared to INR 424.7 million a year ago. Basic earnings per share from continuing operations was INR 8.74 compared to INR 5.54 a year ago. Diluted earnings per share from continuing operations was INR 8.74 compared to INR 5.54 a year ago.
Shanthi Gears Limited is an industrial gearing solutions company. It is engaged in designing and manufacturing gears, gearboxes, geared motors, and gear assemblies, using its integrated manufacturing facilities. It offers a range of products and services, such as gear solutions for a range of applications and specialized gear reconditioning services. Its products include helical gearboxes, bevel helical gearboxes, worm gearboxes, geared motors, extruder gearboxes, cooling tower gearboxes, gears & pinions and special gearboxes sector. Its applications include steel, cement, sugar, crane & material handling, power, paper, rubber and plastics, off-highway and mining, compressors, railways, textile and aerospace. It provides facilities, such as engineering and research and development, foundry, forging and fabrication, heat treatment, CNC turning/machining, hobbing, gear profile grinding and testing toolroom for clutter manufacturing, metrology and calibration, and assurance.