Shanthi Gears net rises 5.37% for Mar`08 qtr

[N.Sukumar]

Shanthi Gears announced a small rise in standalone net profit for the
quarter ended March 2008. During the quarter, the profit of the
company rose 5.37% to Rs 118.89 million from Rs 112.83 million in the
same quarter previous year.

Net sales for the quarter rose 9.38% to Rs 678.34 million, while total
income for the quarter rose 7.22% to Rs 678.02 million, when compared
with the prior year period.


Quarterly Results - standalone (Rs in mn)
As at Mar - 08 Mar - 07 %Change
Net Sales 678.34 620.19 9.38
Net Profit 118.89 112.83 5.37
Basic EPS 0.00 1.40 0.00


During the quarter, the company disclosed a rise in operating margin
of 436.10 basis points to 37.10% on lower input cost. Interest cost
decreased 41.12% to Rs 9.85 million while depreciation cost rose
13.97% to Rs 59.63 million over previous year period.

Shares of the company gained Rs 1.55, or 2.33%, to trade at Rs 68. The
total volume of shares traded was 75,484 at the BSE. (12.35 p.m.,
Wednesday)


N.Sukumar
Research Analyst