Shanthi Gears Ltd. announced that the Board of Directors of the company at its meeting held on April 30, 2013, have recommended a dividend of INR 0.60 per equity share of INR 1 each (60%) subject to approval of Shareholders.

Shanthi Gears Ltd. reported audited earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the company reported total income from operations was INR 371 million compared to INR 493.2 million a year ago. Profit from operations before other income, finance cost & exceptional items was INR 0.6 million compared to INR 108.4 million a year ago. Net profit was INR 19.2 million or INR 0.23 per basic and diluted share after extra ordinary items against net profit was INR 81.4 million or INR 0.99 per basic and diluted share after extra ordinary items a year ago. For the year, the company reported total income from operations was INR 1,465.3 million compared to INR 1,729.9 million a year ago. Profit from operations before other income, finance cost & exceptional items was INR 147.2 million compared to INR 372.8 million a year ago. Net profit was INR 154.7 million or INR 1.89 per basic and diluted share after extra ordinary items against net profit was INR 281.3 million or INR 3.4 per basic and diluted share after extra ordinary items a year ago.

Shanthi Gears Ltd. announced that they will report fiscal year 2013 results on Apr 30, 2013