Integrated Filing — IndAS

General information about company
Scrip Code	522034
NSE Symbol	SHANTIGEAR
MSEI Symbol	NA
ISIN	INE631A01022
Name of company	SHANTHI GEARS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	24-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	08-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Geographical
Description of single segment
Start date and time of board meeting	24-Apr-2025   12:30:00
End date and time of board meeting	24-Apr-2025   14:45:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-03-17
Indicate Company website link for updated RPT policy of the Company	https://www.shanthigears.com/wp-content/uploads/2025/04/Policy-on-Related-Party-Transactions.pdf
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 no outstanding loans and has not defaulted during the year

Financial Results Ind-AS
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	1532100000	6046200000
	Other income	40100000	146600000
	Total income	1572200000	6192800000
2	Expenses
(a)	Cost of materials consumed	676700000	2819700000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	40500000	23300000
(d)	Employee benefit expense	197100000	816900000
(e)	Finance costs	0	0
(f)	Depreciation, depletion and amortisation expense	35700000	133000000
(f)	Other Expenses
1	Other Expenses	308100000	1099000000
	Total other expenses	308100000	1099000000
	Total expenses	1258100000	4891900000
3	Total profit before exceptional items and tax	314100000	1300900000
4	Exceptional items	0	0
5	Total profit before tax	314100000	1300900000
6	Tax expense
7	Current tax	86100000	339500000
8	Deferred tax	3400000	1100000
9	Total tax expenses	89500000	340600000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	224600000	960300000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	224600000	960300000
17	Other comprehensive income net of taxes	5100000	100000
18	Total Comprehensive Income for the period	229700000	960400000
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	76700000	76700000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		3953200000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	2.93	12.52
	Diluted earnings (loss) per share from continuing operations	2.93	12.52
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	2.93	12.52
	Diluted earnings (loss) per share from continuing and discontinued operations	2.93	12.52
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1. The above Financial Results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on April 24, 2025 and has been subjected to audit by the Statutory Auditors of the Company. These audited financial results have been prepared in accordance with the recognition and measurement principles provided in the Indian Accounting Standards Ind AS notified under Section 133 of the Companies Act 2013 the Actother accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India SEBI under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 as amended n2. The Company's main business is manufacture of Gears and Gear Products. There are no separate reportable segments as per Ind AS 108 - Operating Segments. n3. The figures of the last quarter of the financial years ending March 31, 2025 and March 31, 2024 are balancing figures between the audited figures in respect of the full financial years and the published year-to-date figures upto the third quarter of the respective financial years prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards which were subjected to a limited review. n5. The date on which the Code of Social Security, 2020 ('The Code') relating to employee benefits during employment and post-employment benefits will come into effect is yet to be notified and the related rules are yet to be finalised. The Company will evaluate the code and its rules, assess the impact, if any and account for the same once they become effective. n6. Previous period/year figures have been re-grouped wherever necessary. n7. The above financial results are also available on our website www.shanthigears.com

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	712800000
	Capital work-in-progress	49000000
	Investment property	74300000
	Goodwill	0
	Other intangible assets	3500000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	182100000
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets	72600000
	Total non-current financial assets	254700000
	Deferred tax assets (net)	52600000
	Other non-current assets	77200000
	Total non-current assets	1224100000
2	Current assets
	Inventories	804000000
	Current financial asset
	Current investments	702800000
	Trade receivables, current	1372000000
	Cash and cash equivalents	150000000
	Bank balance other than cash and cash equivalents	497600000
	Loans, current	1900000
	Other current financial assets	233000000
	Total current financial assets	2957300000
	Current tax assets (net)
	Other current assets	57800000
	Total current assets	3819100000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	5043200000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	76700000
	Other equity	3953200000
	Total equity attributable to owners of parent	4029900000
	Non controlling interest
	Total equity	4029900000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities
	Total non-current financial liabilities	0
	Provisions, non-current	0
	Deferred tax liabilities (net)
	Deferred government grants, Non-current
	Other non-current liabilities	8700000
	Total non-current liabilities	8700000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	136900000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	490100000
	Total Trade payable	627000000
	Other current financial liabilities	91100000
	Total current financial liabilities	718100000
	Other current liabilities	262500000
	Provisions, current	18600000
	Current tax liabilities (Net)	5400000
	Deferred government grants, Current
	Total current liabilities	1004600000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	1013300000
	Total equity and liabilites	5043200000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	India	1368000000	5454500000
2	America	61400000	455300000
3	Europe	28300000	49000000
4	Others	74400000	87400000
	Total Segment Revenue	1532100000	6046200000
	Less: Inter segment revenue
	Revenue from operations	1532100000	6046200000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	India	0	0
2	America	0	0
3	Europe	0	0
4	Others	0	0
	Total Profit before tax	0	0
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax	0	0
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	India	0	0
2	America	0	0
3	Europe	0	0
4	Others	0	0
	Total Segment Asset	0	0
	Un-allocable Assets	0	0
	Net Segment Asset	0	0
4	Segment Liabilities
	Segment Liabilities
1	India	0	0
2	America	0	0
3	Europe	0	0
4	Others	0	0
	Total Segment Liabilities	0	0
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	0	0
	Disclosure of notes on segments

Other Comprehensive Income
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
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)	6800000	100000
	Total Amount of items that will not be reclassified to profit and loss	6800000	100000
2	Income tax relating to items that will not be reclassified to profit or loss	1700000	0
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	5100000	100000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			1300900000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			0
	Adjustments for decrease (increase) in inventories			56400000
	Adjustments for decrease (increase) in trade receivables, current			-207700000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-6500000
	Adjustments for decrease (increase) in other non-current assets			100000
	Adjustments for other financial assets, non-current			-7200000
	Adjustments for other financial assets, current			30300000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			74500000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-31300000
	Adjustments for increase (decrease) in other non-current liabilities			3900000
	Adjustments for depreciation and amortisation expense			133000000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-3400000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			8100000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-200000
	Adjustments for dividend income			0
	Adjustments for interest income			71400000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-37300000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-3700000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-62400000
	Net cash flows from (used in) operations			1238500000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			330600000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			907900000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			2500000
	Purchase of property, plant and equipment			243500000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			56800000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-195800000
	Net cash flows from (used in) investing activities	-380000000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			0
	Payments of lease liabilities			0
	Dividends paid			384400000
	Interest paid			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-384400000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			143500000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			143500000
	Cash and cash equivalents cash flow statement at beginning of period			6500000
	Cash and cash equivalents cash flow statement at end of period			150000000