Shanthi Gears records profit after tax at Rs 8.50 crore for April-June quarter
Shanthi Gears Ltd has recorded a profit after tax at Rs 8.50 crore for the April-June quarter up by 67.9 percent, over the corresponding period of last year.
The Coimbatore-based Murugappa Group company had clocked a profit after tax of Rs 5.06 crore during a year ago.
For the year ending March 31, 2018 profit after tax stood at Rs 28.58 crore, Shanthi Gears said in a BSE filing.
For the full year ending March 31, 2018, the company registered a total income of Rs 231.47 crore.
The growth led strategies of enhancing efficiencies, exploring new markets and enlarging customer base helped the company to remain focused on its path for a sustainable growth.
The company's shares ended at Rs 138.35 apiece up by 0.84 percent over previous close in BSE.
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