2017-18 was a year of all round performance for Shanthi Gears Limited. The customerdemand for Shanthi's range of products across different sectors and the increasing needfor value added services have contributed substantially to this performance. The year alsowitnessed many challenges relative to rising cost of input materials critical to Shanthi'soperations. Amidst this rather mixed environment Shanthi continued to maintain and enhanceits growth in revenues and profits. Sales grew by 16% to `209.1 Crs and profits after taxgrew by 27% to `28.6 Crs.
Shanthi Gears is well positioned to address opportunities in a variety of industrialsectors and its efforts are gaining momentum in emerging sectors catering to mobility.Product development initiatives with enhanced customer engagement will be the basis ofShanthi's growth in the years ahead. We will continue our efforts in building world classquality products with strong emphasis on manufacturing efficiency and application support.
This will mean greater investment in people their skills and leadership abilities.Shanthi's teams worked well together addressing both opportunities and challenges withequal vigour. Our sincere appreciation goes out to our colleagues who made this happen.
Our Board is a great strength to the company. Our Directors interact with various teamsencouraging and challenging them to set their sight on higher levels of achievementsacross all facets of the company's operations. I thank them for their interest sharingtheir expertise and their wise counsel and look forward to their support.
The support of all of you as Shareholders is indeed most valuable to us in ourcontinuing quest to be admired as a reliable partner for gear transmission solutions.