Shanthi Gears reported a 26 percent year-on-year decline in consolidated net profit to Rs 15.71 crore for Q2 FY27, impacted by lower operational revenue and sustained cost burdens.
Revenue from operations for Q2 FY27 fell 2.97 percent to Rs 127.99 crore compared to Rs 131.91 crore recorded in the corresponding period of the previous financial year. Total income for the quarter, including other income of Rs 3.10 crore, reached Rs 131.09 crore against Rs 137.85 crore in Q2 FY26.
Profitability during the quarter was compressed as total expenditure remained elevated despite the top-line contraction. Total expenses for Q2 FY27 stood at Rs 110.88 crore, up from Rs 109.17 crore in the prior-year period. Raw material consumption costs reached Rs 61.61 crore compared to Rs 61.50 crore a year earlier. Consequently, profit before tax fell to Rs 20.21 crore from Rs 28.68 crore in the year-ago period.
Shanthi Gears said it achieved its highest-ever quarterly order booking of Rs 192 crore in Q2 FY27, representing a 37 percent increase over Q2 FY26. The company's unexecuted order pipeline stood at Rs 436 crore as of September 30, 2026.
For the first half of FY27 ended September 30, 2026, Shanthi Gears recorded operational revenue of Rs 243.48 crore, down 8 percent from Rs 266.80 crore in H1 FY26. Net profit for the six-month period fell 42 percent to Rs 25.57 crore compared to Rs 44.20 crore in the corresponding period of the previous fiscal year. Total expenses for H1 FY27 stood at Rs 216.36 crore against Rs 217.21 crore in H1 FY26.