Shanthi Gears Ltd. reported standalone net profit rose 26% to ₹7.7 crore for the third quarter ended December.
Revenue from operations grew almost 12% to ₹65 crore, said the subsidiary of Tube Investments of India Ltd. in a filing.
Profit before tax increased by 32% to ₹10.2 crore. Focus on cost optimisation and lower capital employed enabled the firm to sustain the return on average capital employed at 25.4%, the firm said.
Order book rose 96% to ₹104 crore, its highest ever.
The board declared an interim dividend of ₹1.5 per share .
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