SHANTI GEARS LTD = FIRST QTR (Q1 FY 2012) = RESULTS = QoQ, There is DIp = YoY GOOD PERFORMANCE

Shanthi Gears Limited

NSE Symbol    SHANTIGEAR

SHANTI GEARS LTD  has performed well in Q1 Fy 12 compared to the corresponding qtr of q1 FY 11 – but not so well compared to previous qtr of Q4 FY 11.

Net Sales at Rs.40.23 cr  in Q1Fy12 – down by 27.73% from previous qtr of Q4 FY 11 But up by 23.61% from corresponding qtr of Q1 FY 11.

Total Expenditure in Q1 FY 12 is Rs.30.91 Cr – down by 25.71% from Q4 FY 11; but up by 29.62% from Q1 FY 11.

Profit from Operations  is Rs.10.38 Cr in Q1 FY 12 – down by 35.54% from Q4 FY 11; and up by 17.49% from Q1 FY 11.

Profit  before tax is Rs.10.36 cr – down by 35.35% from Q4 FY 11; but up by 17.01% from Q1 FY 11.

Net Profit  for Q1 FY 12 is Rs.7.01 Cr – down by 26.36% from Q4 FY 11; and up by 17.64% from Q1 FY 11.

On a Face Value of Rs.1 - Basic EPS for Q1 FY 12 is Rs.0.86 – while the same was    Rs.1.16 in Q4 FY 11 and Rs.0.73 in Q1 FY 11.

The annualized EPS is likely to be Rs.0.86 x 4  = Rs.3.44. Current MP is around Rs.45. The PE Ratio is around 13.08

ANNOUNCEMENTS TO NSE

13-05-2011 Shanthi Gears Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 13, 2011 have recommended a Dividend of Re.1 per equity share of Re.1 each (100%) subject to approval of Shareholders.

QTRELY RESULTS TABLE

shanti gears	30-Jun-11	31-Mar-11	30-Jun-10
Net Sales	4022.67	5566.44	3254.24
Other Operating Income	106.35	204.65	13.95
Increase in SIT / WIP	-379.23	262.14	-2.22
Raw Materials	1475.53	2176.57	768.3
Employees Cost	646.24	486.14	415.29
Depreciation	668.93	681.21	663.73
Other Expenditure	679.52	554.57	539.58
Total Expenditure	3090.99	4160.63	2384.68
Profit from Operations	1038.03	1610.46	883.51
Other Income	13.16	8.87	2.47
Interest6	15.59	17.49	0.96
Profit  before tax	1035.6	1601.84	885.02
Tax expense	335.04	650.48	289.52
Net Profit	700.56	951.36	595.5
Dividend (%)	-	100	-
Face Value (In Rs	1	1	1
Paid Up Equity	817.16	817.16	817.16
Basic EPS	0.86	1.16	0.73
Public holding (%)	55.88	55.88	55.3

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