Shanthi Gears Limited (SGL), a subsidiary of Tube Investments of India Limited (TII), has announced the financial results for the quarter and year ended 31st March 2024.

The company continues to focus on four key priorities of revenue, profitability, ROIC and free cash flow (FCF).

Here's a detailed low down on how SGL performed on these four priorities:

Shanthi Gears Limited reported a revenue of Rs 153.6 crores in Q4 with a 25 per cent growth over Q4 of previous year. Besides, revenue of Rs 536.1 crores was reported in the financial year with a 20 per cent growth over previous year.

The Profit Before Tax (PBT) stood at Rs 31.9 crores in Q4 with a 20 per cent growth over Q4 of previous year, whereas in the financial year, the PBT of Rs 109.6 crores was reported with a 22 per cent growth over previous year.

The Return on Invested Capital (ROIC) improved to 57 per cent in this financial year from 56 per cent in previous year.

The company generated Free Cash Flow (FCF) of Rs 43.1 crores during the financial year and registered 10 per cent growth over previous year.

During the year, the company booked orders of Rs 579 crores with 31 per cent growth over previous year. Open order book as on 31st March 2024 was Rs.328 crores.