Shanti Gears Q1 Results Total Income ₹138.82 Crores & Operating Profit ₹25.56 Crores

Shanti Gears Q1 Results: Shanti Gears’ Q1 results show a strong performance year-over-year (YoY), with several key improvements. The total revenue for June 2024 was ₹138.82 crores, which is 14.30% higher year-over-year (YoY) compared to June 2023. However, when looking quarter-on-quarter (QoQ), there was a 9.65% decline, as revenue was higher at ₹123.40 crores in March 2023.

Shanti Gears' selling, general, and administrative expenses also changed. These costs were ₹19.60 crores in June 2024, down by 13.50% year-over-year (YoY) from June 2023, but increased 11.62% quarter-on-quarter (QoQ). This means the company spent more on operations compared to the previous quarter.

Shanti Gears’ operating income, it saw a 26.97% year-over-year (YoY) increase, going from ₹20.13 crores in June 2023 to ₹25.56 crores in June 2024. Quarter-on-quarter (QoQ), it also grew by 14.16%, indicating strong performance in this area.

Shanti Gears’ Net income, or profit, rose 19.54% year-over-year (YoY) to ₹21.66 crores. However, compared to the previous quarter, it declined 15.65% quarter-on-quarter (QoQ). Finally, diluted normalized earnings per share (EPS) increased 19.49% year-over-year (YoY), showing higher returns for shareholders compared to last year, even though there was a slight drop quarter-on-quarter (QoQ).

Here’s a summary of the Q1 financial results for Shanti Gears:

(All figures in crores except per share values)

Source: Here 

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Shanti Gears Q1 Results

Shanti Gears' financial results for the quarter ending on June 30, 2024, show how the company performed compared to previous periods. Their revenue from operations was ₹138.82 crores, which is slightly lower than the last quarter (₹153.64 crores) but higher than the same period last year (₹121.45 crores). This means that although they made less money this quarter than the last one, they still made more compared to last year.

Shanti Gears’ total income, including other income, was ₹142.21 crores. Their cost of materials was ₹78.13 crores, an increase from last year, showing that they spent more on raw materials. They also saw a drop in employee benefits expense compared to the same quarter last year.

Shanti Gears’ profit before tax was ₹28.95 crores, lower than the previous quarter but higher than last year. After paying taxes of ₹7.29 crores, Shanti Gears' profit after tax was ₹21.66 crores, again lower than the previous quarter but higher than last year’s ₹18.12 crores.

Shanti Gears’ reported a small other comprehensive loss of ₹0.09 crores, which relates to adjustments that won’t affect profits immediately. Their total comprehensive income for the quarter stood at ₹21.57 crores. Despite some small losses, the company’s overall performance is stable, with growth compared to the same quarter in 2023.

Here's a simplified table for the Statement of Unaudited Financial Results for the Quarter ended 30 June 2024:

Shanti Gears Financial Metrics

The Shanti Gears table shows key details about the company's stock. Its market cap, which is the total value of all its shares, is ₹4,680 crore. The current stock price is ₹610, with the highest price being ₹704 and the lowest price being ₹400 over a certain period. The Price-to-Earnings (P/E) ratio is 54.6, which helps assess if the stock is over or underpriced compared to earnings. The book value, which is the value of a company's assets minus its liabilities, is ₹45.00 per share. The dividend yield is 0.82%, showing how much income shareholders earn from dividends. 

Here is the information you provided, presented in a table format:

Quarterly Results 

Here are the quarterly results for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About Shanti Gears

Shanti Gears is a company that makes and designs gears, gearboxes, geared motors, and gear assemblies. We use modern technology and manufacturing methods to ensure high-quality products. With over 40 years of experience in the industry, we have a strong track record of excellence. Since 2013, we have been part of the Murugappa Group, which has allowed us to grow and explore new technologies, products, and markets. Our goal is to provide reliable and advanced gearing solutions for various industrial needs.