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Values in Rs. in  Crores

Shanthi Gears , Sep 23 Year on Year Revenue Flies by 24.5% to Rs..135 Crore and Year on Year Profit zooms by 26.6% to Rs.21 Crore. Quarter to Quarter Revenue Soars by 11.5% and Q to Q Profit spikes by 16.0%

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Revenue Analysis:

Shanthi Gears ,, has reported a revenue of Rs. 135 Crore, which has increases sharply by 11.5% as compared to previous quarter revenue of Rs. 121 Crore. As compared to revenue of September-22, there is a jumps by 24.5% from Rs. 109 Crore. to Rs. 135 Crore.

Profit and Cost Analysis:

Quarterly Profit has flies by 26.6% to Rs.21 Crore from Rs. 17 Crore, when compared with year ago quarter results. In comparison with preceding quarter of June, 2023 , quarter profit has increases sharply by 16.0% to Rs.21 Crore from Rs. 18 Crore. Net Profit % of the Company has remained at 15.5% compared to 14.9% in previous quarter and 15.3% in year ago quarter.


On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has grown to 21.2% from 19.0% as compared with June, 2023 quarter. The reason for the rise of EBITDA Margin is due to,

a) Cost of Sales has slightly changes to 47.6% (Previous Quarter: 47.0%). Cost of Sales in absolute terms has upscales from Rs. 57 Crore to 64 Crore.

b) Employee Cost has turndowns to 13.9% (Previous Quarter: 18.7%). Employee Cost in exact value has drastically reduces from Rs. 23 Crore to 19 Crore.

c) Other Expenses has surge to 17.3% (Previous Quarter: 15.3%). Other Expenses balloons from Rs. 19 Crore to 23 Crore.


The finance cost has nearly stays similar from Rs. 0 Crore to 0 Crore by 0.0%.


Key Matrix:

Price to Earning (PE) ratio of the company is 48.1 as compared to the Industry PE of 42.02. PE is better placed which signifies that neither company is overvalue or undervalued. Companies Return on Equity (ROE) is 23.3% and Return of Capital Employed (ROCE) is 31.8%.


Share Price Movement:

The Return on Share Prices were -1.6% in past one month, -0.3% in 3 months, 24.2% in 6 months, 24.2% in 12 months, 191.5% in 24 months.


Summary:

To summarize, as compared to June'23, Revenue has soars by 11.5%. Gross Margin has nearly maintains same from 53.0% to 52.4%. EBITDA Margin has grown to 21.2% from 19.0%. and Net Profit After Tax Margin has increases sharply to 15.5% from 14.9%.


The Brief of Quarterly Results is as follows:

Shanthi Gears Ltd.,

Particulars (In Cr.)
Sep, 2023
Jun, 2023
Mar, 2023
Dec, 2022
Revenue
135.4
121.5
123.4
114.7
Cost of Goods Sold
64.5
57.1
59
51.9
Employee Cost
18.9
22.7
17.7
19.4
Other Expenses
23.4
18.6
20.1
20.3
EBITDA
28.7
23.1
26.7
23.1
Depreciation
3
3
2.9
2.7
Interest Expense
0
0
0
0
Other Income
3.9
4
2.8
3
Profit B4 Excep. Items
29.7
24.1
26.6
23.4
Exception Items
0
0
0
0
Net Profit Before Tax
29.7
24.1
26.6
23.4
Taxes
8.6
6
7.1
5.9
Net Profit After Tax
21
18.1
19.5
17.5
Gross Margin %
52.40%
53.00%
52.20%
54.70%
Employee Cost %
13.90%
18.70%
14.30%
16.90%
Other Expense Cost %
17.30%
15.30%
16.30%
17.70%
EBITDA %
21.20%
19.00%
21.60%
20.10%
Net Profit After Tax %
15.50%
14.90%
15.80%
15.30%

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