Shanti Gears Q3 FY24 Results Live : profit falls by 0.63% YOY
Shanti Gears Q3 FY24 Results Live : Revenue increased by 9.5% YoY & profit decreased by 0.63% YoY
Shanti Gears declared their Q3 FY24 results on 30 Jan, 2024. The topline increased by 9.5% & the profit decreased by 0.63% YoY.
Compared to the previous quarter, the revenue declined by 7.3% and the profit decreased by 17.08%.
The Selling, general & administrative expenses declined by 5.89% q-o-q & decreased by 8.27% Y-o-Y.
The operating income was down by 20.92% q-o-q & decreased by 0.2% Y-o-Y.
The EPS is ₹2.27 for Q3 FY24 which decreased by 0.87% Y-o-Y.
Shanti Gears has delivered -2.71% return in the last 1 week, 19.62% return in the last 6 months and -8.97% YTD return.
Currently, Shanti Gears has a market cap of ₹4193.67 Cr and 52wk high/low of ₹644.4 & ₹317.05 respectively.
The company has also declared an interim dividend of ₹3.0. The record date for the dividend is 09 Feb, 2024, and the ex-dividend date will be 09 Feb, 2024.
Shanti Gears Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 125.54 | 135.42 | -7.3% | 114.65 | +9.5% |
| Selling/ General/ Admin Expenses Total | 17.75 | 18.86 | -5.89% | 19.35 | -8.27% |
| Depreciation/ Amortization | 3.01 | 3.01 | -0% | 2.71 | +11.07% |
| Total Operating Expense | 105.2 | 109.7 | -4.1% | 94.27 | +11.59% |
| Operating Income | 20.34 | 25.72 | -20.92% | 20.38 | -0.2% |
| Net Income Before Taxes | 23.95 | 29.66 | -19.25% | 23.42 | +2.26% |
| Net Income | 17.43 | 21.02 | -17.08% | 17.54 | -0.63% |
| Diluted Normalized EPS | 2.27 | 2.74 | -17.15% | 2.29 | -0.87% |
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First Published:2 Feb 2024, 02:45 AM IST
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