Shanthi Gears Jan-March 2019 quarter net at Rs 6.01 crore

: Shanthi Gears Ltd Monday clocked net profit at Rs 6.01 crore for the January-March 2019 quarter as against Rs 9.62 crore registered same period of last year.

The Coimbatore-based Murugappa Group company had clocked net profit of Rs 33.35 crore for the full year ending March 31, 2019 as against Rs 28.58 crore registered year ago.

Total income for the January-March 31, 2019 quarter grew to Rs 62.67 crore from Rs 58.79 crore registered year ago.

For the full year ending March 31, 2019, total income of the company surged to Rs 254.77 crore, from Rs 231.47 crore registered during the same period of last fiscal.

In a statement, the company said, the Board of Directors recommended a final dividend of Re one per equity share for year ending March 31, 2019.

Total dividend for financial year 2018-19 is Rs six per equity share including an one time special interim dividend of Rs five per equity share of Re one each.

The company continues to focus on expanding customer base enhancing dealer and service network and improving production capabilities through investments in modern technologies.

The company continues to focus on four key priorities of revenue growth, profitability, Return on average Capital Employed and free cash flow.

During the year 2018-19, the company generated operating free cash flow of Rs 32.4 crore, the statement said.

Shares of Shanthi Gears Ltd were trading at Rs 129.80 apiece up by 1.68 per cent over previous close in BSE.