Shanthi Gears Q2 Net Profit Falls 27% to ₹15.7 Crore
Shanthi Gears reported net profit of ₹15.7 crore for the quarter ended September, down 27% from ₹21.5 crore a year earlier. Revenue from operations declined to ₹128 crore from ₹132 crore.
Shanthi Gears, a subsidiary of Tube Investments of India Ltd, reported a 27 per cent decrease in net profit to ₹15.7 crore for the second quarter ended September, as against ₹21.5 crore for the same period last year.Revenue from operations declined by 3 per cent to ₹128 crore (₹132 crore). An incre…