Shanthi Gears has reported unaudited results for the first quarter ended June 30, 2011.
The company’s profit for the quarter ended June 30, 2011 has increased by 17.62% at Rs 7.01 crore as compared to Rs 5.96 crore for the corresponding quarter last year. Its total income has grown by 25.01% at Rs 41.29 crore for the quarter under review from Rs 33.03 crore for the same quarter last year.
Shanthi Gears product portfolio includes a range of customized gear boxes, loose gears, worm gear boxes and helical gear boxes. The company has manufacturing facilities (including a foundry) located in and around Coimbatore in Tamil Nadu.
