Shanti Gears Limited (SGL), a subsidiary of Tube Investments of India (TII), has reported a 57% rise in its standalone net profit for the first quarter at ₹13.44 crore over the year-ago period on better sales. Is.
Revenue from operations grew 48% to Rs 98.85 crore, said a regulatory filing.
Focus on cost optimization and low capital employed efficient SGL to maintain healthy Return on Average Invested Capital (ROIC) up to 45%. It also generated free cash flow of ₹17.5 crore.
During the quarter, SGL booked orders worth ₹105 crore (₹84 crore) and had pending order books of ₹274 crore (₹235 crore).
Shares of the company closed at ₹246.45, up ₹2.20 or 0.90% on BSE on Monday.