Shanthi Gears, a subsidiary of Tube Investments of India Ltd, reported a 27 per cent decrease in net profit to ₹15.7 crore for the second quarter ended September, as against ₹21.5 crore for the same period last year.
Revenue from operations declined by 3 per cent to ₹128 crore (₹132 crore). An increase in depreciation and amortisation as well as other expenses impacted the bottom line for the September quarter.
The Coimbatore-based manufacturer of gears and gear products achieved its highest-ever order booking of ₹192 crore in Q2, up 37 per cent from the year-ago period. The unexecuted order book as of September 30, 2026, stood at ₹436 crore.
The company achieved a Return on Average Invested Capital of 25 per cent in Q2 FY27 while generating negative free cash flow of ₹1.3 crore.
Shanthi Gears’ share price on the NSE closed at ₹476 on Monday, down ₹7.75 (-1.60 per cent) from the previous day’s close.
Published on October 26, 2026
