| Scrip Code | 522034 |
|---|---|
| NSE Symbol | SHANTIGEAR |
| MSEI Symbol | NOTLISTED |
| ISIN | INE631A01022 |
| Name of company | SHANTHI GEARS LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 22-01-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 12-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Geographical |
| Description of single segment | |
| Start date and time of board meeting | 22-01-2026 11:45:00 |
| End date and time of board meeting | 22-01-2026 13:50:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| The Company has not defaulted on payment of loans and debt securities. | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 11,682.00 | 38,362.00 | |
| Other income | 407.00 | 1,378.00 | |
| Total income | 12,089.00 | 39,740.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 5,930.00 | 18,330.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (713.00) | (722.00) |
| (d) | Employee benefit expense | 2,036.00 | 6,026.00 |
| (e) | Finance costs | 0.00 | 0.00 |
| (f) | Depreciation, depletion and amortisation expense | 391.00 | 1,135.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 2,130.00 | 6,726.00 |
| Total other expenses | 2,130.00 | 6,726.00 | |
| Total expenses | 9,774.00 | 31,495.00 | |
| 3 | Total profit before exceptional items and tax | 2,315.00 | 8,245.00 |
| 4 | Exceptional items | (156.00) | (156.00) |
| 5 | Total profit before tax | 2,159.00 | 8,089.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 568.00 | 2,148.00 |
| 8 | Deferred tax | (28.00) | (98.00) |
| 9 | Total tax expenses | 540.00 | 2,050.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 1,619.00 | 6,039.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 1,619.00 | 6,039.00 |
| 17 | Other comprehensive income net of taxes | 11.00 | (13.00) |
| 18 | Total Comprehensive Income for the period | 1,630.00 | 6,026.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 767.00 | 767.00 | |
| Face value of equity share capital | 7.67 | 7.67 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 2.11 | 7.87 | |
| Diluted earnings (loss) per share from continuing operations | 2.11 | 7.87 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 2.11 | 7.87 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 2.11 | 7.87 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. The unaudited financial results have been prepared in accordance with the recognition and measurement principles provided in Indian Accounting Standards (Ind AS 34) on 'Interim Financial Reporting' , the provisions of the Companies Act, 2013 (“the Act), as applicable and guidelines issued by the Securities and Exchange Board of India (SEBI) under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. The above financial results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 22 January 2026 and has been subjected to limited review by the Statutory Auditors of the company. 2. The Company's main business is manufacture of Gearboxes and Gear Products. There are no separate reportable segments as per Ind AS 108 - Operating Segments. 3. The Board of Directors has declared an interim dividend of Rs. 3/- (Rupees Three only) per Equity Share of Re. 1/- each for the financial year 2025-26. 4. On 21 November 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed and disclosed the incremental impact of these changes on the basis of actuarial valuation obtained and the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. The incremental impact comprising of gratuity of Rs 1.56 Cr in the provision for defined benefit obligation arises primarily due to a change in the wage definition, and has been presented as Statuory Impact of new Labour Code under Exceptional Items in the unaudited financial results for the quarter and nine months ended 31 December 2025. The Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. 5. Previous periods' figures have been re-grouped / re-classified, where necessary to make it comparable with the current period. 6. The preparation of Consolidated Financial Results for the period ended 31 December 2025 are not applicable since the Company does not have any Subsidiary/Associate/Joint Venture. 7.The above financial results are also available on our website www.shanthigears.com |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | INDIA | 9,906.00 | 33,224.00 | ||||
| 2 | AMERICA | 1,400.00 | 3,763.00 | ||||
| 3 | EUROPE | 0.00119 | 0.00378 | ||||
| 4 | OTHERS | 0.00257 | 0.00997 | ||||
| Total Segment Revenue | 11,682.00 | 38,362.00 | |||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | 11,682.00 | 38,362.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | INDIA | 0.00 | 0.00 | ||||
| 2 | AMERICA | 0.00 | 0.00 | ||||
| 3 | EUROPE | 0.00 | 0.00 | ||||
| 4 | OTHERS | 0.00 | 0.00 | ||||
| Total Profit before tax | 0.00 | 0.00 | |||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | 0.00 | 0.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | INDIA | 0.00 | 0.00 | ||||
| 2 | AMERICA | 0.00 | 0.00 | ||||
| 3 | EUROPE | 0.00 | 0.00 | ||||
| 4 | OTHERS | 0.00 | 0.00 | ||||
| Total Segment Asset | 0.00 | 0.00 | |||||
| Un-allocable Assets | 0.00 | 0.00 | |||||
| Net Segment Asset | 0.00 | 0.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | INDIA | 0.00 | 0.00 | ||||
| 2 | AMERICA | 0.00 | 0.00 | ||||
| 3 | EUROPE | 0.00 | 0.00 | ||||
| 4 | OTHERS | 0.00 | 0.00 | ||||
| Total Segment Liabilities | 0.00 | 0.00 | |||||
| Un-allocable Liabilities | 0.00 | 0.00 | |||||
| Net Segment Liabilities | 0.00 | 0.00 | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Re-measurement gain/(loss) on defined benefit obligations (Net) | 15.00 | (17.00) |
| Total Amount of items that will not be reclassified to profit and loss | 15.00 | (17.00) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 4.00 | (4.00) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | 11.00 | (13.00) |