The Board of Directors of Shanthi Gears Limited (SGL), a subsidiary of Tube Investments of India Limited (TII), met today and approved the financial results for the quarter and nine months ended  31st December 2025.

The Company continues to focus on 4 key priorities of Revenue, Profitability, Return on Invested Capital (ROIC) and Free Cash Flow (FCF).

  • Revenue of ₹116.82 Crores was recorded in Q3 FY26 as against ₹157.51 Crores in Q3 FY25. The drop was mainly on account of lower order booking in the previous quarters.
  • The Profit before tax for the quarter was ₹21.59 Crores as against ₹35.43 Crores in Q3 FY25. The drop was primarily on account of de-growth in revenue.
  • Achieved Return on average Invested Capital (ROIC) of 31% in Q3 FY26.
  • The Company recorded negative Free Cash Flow of ₹1.72 Crores during Q3 FY26 due to capital expenditure on core machines.

The Company achieved its highest-ever order booking of ₹169 Crores in Q3 FY26 with 28% growth over Q3FY25. The unexecuted order book as on 31 December 2025 stood at ₹305 Crores.

The Board has declared an interim dividend of ₹3 per share (300%) for the financial year 2025-26.