'Standalone net sales (including other operating income) of Shanthi Gears has increased 14.52% to Rs 155.08 crore. Operating profit margin has jumped from 21.22% to 22.03%, leading to 18.90% rise in operating profit to Rs 34.16 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 48.56% to 48.01%. Employee cost decreased from 13.67% to 13.60%. Other expenses fell from 16.94% to 16.55%. Other income fell 14.47% to Rs 3.37 crore. PBIDT rose 14.88% to Rs 37.53 crore. Provision for interest remained nil. PBDT rose 14.88% to Rs 37.53 crore. Provision for depreciation rose 7.31% to Rs 3.23 crore. Profit before tax grew 15.64% to Rs 34.30 crore. Provision for tax was expense of Rs 8.67 crore, compared to Rs 8.64 crore. Effective tax rate was 25.28% compared to 29.13%. Profit after tax rose 21.93% to Rs 25.63 crore.
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