Shares of Shanthi Gears Ltd. surged over 16% after the company announced that its third quarter profit jumped 50.8% to Rs 26.3 crore.
The company's board of directors have also declared an interim dividend of Rs 3 per equity share for financial year 2025.
The company's bottomline rose 25.5% to Rs 158 crore, while operating profit rose 50.2% in the December quarter.
In the previous quarter the gear manufacturer announced a 21.9% increase in profit after tax, reaching Rs 25.63 crore, up from Rs 21.02 crore during the same period last year.
Shanti Gears Q3 FY25 Highlights (Cons, YoY)
Revenue up 25.5% to Rs 158 crore versus Rs 128 crore.
Ebitda rose 50.2% to Rs 35 crore versus Rs 23.3 crore.
Margin at 22.2% versus 18.6%.
Net profit rose 50.8% to Rs 26.3 crore versus Rs 17.4 crore.
Shanthi Gears Share Price Today
Shanthi Gears stock rose as much as 16.31% during the day to Rs 488.45 apiece on the NSE. It was trading 13.20% higher at Rs 475.40 apiece, compared to a 0.13% advance in the benchmark Nifty 50 as of 2:46 p.m.
It has fallen 13.07% in the last 12 months. The relative strength index was at 53.07. There are no analysts tracking the stock currently.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
