Results - Analysis
Shanthi Gears
01-Feb-25 09:12
Standalone net sales (including other operating income) of Shanthi Gears for the quarter ended Dec 2024 has increased 25.47% to Rs 157.51 crore. Operating profit margin has jumped from 18.60% to 22.19%, leading to 49.68% rise in operating profit to Rs 34.95 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 50.88% to 42.37%. Employee cost increased from 13.57% to 14.64%. Other expenses rose from 17.70% to 18.73%.
Other income up 7.76% to Rs 3.89 crore. PBIDT rose 44.07% to Rs 38.84 crore. Provision for interest remained nil.
PBDT rose 44.07% to Rs 38.84 crore. Provision for depreciation rose 13.29% to Rs 3.41 crore.
Profit before tax grew 47.93% to Rs 35.43 crore. Provision for tax was expense of Rs 9.15 crore, compared to Rs 6.52 crore. Effective tax rate was 25.83% compared to 27.22%.
Profit after tax rose 50.77% to Rs 26.28 crore.
For year-to-date (YTD) results analysis
Net sales (including other operating income) of Shanthi Gears has increased 18.04% to Rs 451.41 crore.
Operating profit margin has jumped from 19.66% to 21.66%, leading to 30.03% rise in operating profit to Rs 97.76 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 48.51% to 47.29%. Employee cost decreased from 15.29% to 13.68%. Other expenses rose from 16.81% to 17.45%.
Other income fell 7.71% to Rs 10.65 crore. PBIDT rose 25.01% to Rs 108.41 crore. Provision for interest remained nil.
PBDT rose 25.01% to Rs 108.41 crore. Provision for depreciation rose 8.23% to Rs 9.73 crore. Profit before tax grew 26.95% to Rs 98.68 crore. Provision for tax was expense of Rs 25.11 crore, compared to Rs 21.16 crore. Effective tax rate was 25.45% compared to 27.22%.Profit after tax rose 30.05% to Rs 73.57 crore.
The Board of Directors have declared an interim dividend at Rs.3 /- (Rupees Three only) per equity share of Re.1/- each for the financial year ending 315 March, 2025.
Promoters' stake was 70.47% as of 31 December 2024 ,compared to 70.47% as of 31 December 2023 .
| Shanthi Gears : Standalone Results |
| Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202412 | 202312 | Var.(%) | 202412 | 202312 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 157.51 | 125.54 | 25.47 | 451.41 | 382.41 | 18.04 | 536.05 | 445.65 | 20.28 | | OPM (%) | 22.19 | 18.60 | 359 bps | 21.66 | 19.66 | 200 bps | 18.99 | 20.16 | -117 bps | | OP | 34.95 | 23.35 | 49.68 | 97.76 | 75.18 | 30.03 | 101.79 | 89.83 | 13.31 | | Other Inc. | 3.89 | 3.61 | 7.76 | 10.65 | 11.54 | -7.71 | 21.06 | 11.24 | 87.37 | | PBIDT | 38.84 | 26.96 | 44.07 | 108.41 | 86.72 | 25.01 | 122.85 | 101.07 | 21.55 | | Interest | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBDT | 38.84 | 26.96 | 44.07 | 108.41 | 86.72 | 25.01 | 122.85 | 101.07 | 21.55 | | Depreciation | 3.41 | 3.01 | 13.29 | 9.73 | 8.99 | 8.23 | 13.21 | 10.88 | 21.42 | | PBT | 35.43 | 23.95 | 47.93 | 98.68 | 77.73 | 26.95 | 109.64 | 90.19 | 21.57 | | PBT before EO | 35.43 | 23.95 | 47.93 | 98.68 | 77.73 | 26.95 | 109.64 | 90.19 | 21.57 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 35.43 | 23.95 | 47.93 | 98.68 | 77.73 | 26.95 | 109.64 | 90.19 | 21.57 | | Taxation | 9.15 | 6.52 | 40.34 | 25.11 | 21.16 | 18.67 | 27.39 | 23.14 | 18.37 | | PAT | 26.28 | 17.43 | 50.77 | 73.57 | 56.57 | 30.05 | 82.25 | 67.05 | 22.67 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 26.28 | 17.43 | 50.77 | 73.57 | 56.57 | 30.05 | 82.25 | 67.05 | 22.67 | | EPS (Rs)* | 3.43 | 2.27 | 50.77 | 9.59 | 7.37 | 30.05 | 10.72 | 8.74 | 22.67 | | | * EPS is on current equity of Rs 7.67 crore, Face value of Rs 1, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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