Shanthi Gears reports 18% rise in its Q1 FY12 net profit

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.