Shanthi Gears quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	128	132	−3.0%
EBITDA	22.7	26.5	−14.4%
EBITDA margin	17.7%	20.1%	−2.4 pts
Profit before tax	20.2	28.7	−29.5%
Net profit	15.7	21.5	−27.0%
EPS	₹2.05	₹2.81	−27.0%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	128	115	135	117	132	135	153	158	155	139	154	126	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	3.1	4.2	5.9	4.1	5.9	3.8	4.0	3.9	3.4	3.4	9.5	3.6
	131	120	141	121	138	139	157	161	158	142	163	129
	61.6	70.9	71.8	59.3	61.5	62.5	67.7	61.1	75.1	78.1	74.2	66.6
	−1.7	−11.0	−3.2	−7.1	1.0	−1.1	4.1	13.4	−1.4	−13.8	−0.4	−5.3
	20.8	19.8	18.4	20.4	20.6	19.4	19.7	21.1	21.3	19.6	17.6	17.8
	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	5.5	5.1	4.7	3.9	3.8	3.7	3.6	3.4	3.2	3.1	4.2	3.0
	24.7	20.6	24.2	21.3	22.4	23.6	30.8	27.0	25.9	26.2	35.6	23.2
	111	105	116	97.7	109	108	126	126	124	113	131	105
	22.7	15.2	23.9	23.0	26.5	30.5	31.0	35.0	34.2	28.7	26.6	23.4
	17.2	10.1	19.2	19.1	22.7	26.9	27.4	31.5	30.9	25.6	22.4	20.3
Profit
	20.2	14.2	25.0	23.2	28.7	30.6	31.4	35.4	34.3	29.0	31.9	24.0
	0.0	0.0	−3.2	−1.6	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	20.2	14.2	21.8	21.6	28.7	30.6	31.4	35.4	34.3	29.0	31.9	24.0
	3.9	4.9	5.9	5.7	7.5	8.3	8.6	8.7	9.1	7.5	6.8	6.8
	0.6	−0.6	−0.4	−0.3	−0.4	−0.3	0.3	0.4	−0.4	−0.3	−0.6	−0.2
	4.5	4.3	5.5	5.4	7.2	7.9	9.0	9.2	8.7	7.3	6.2	6.5
	15.7	9.9	16.3	16.2	21.5	22.7	22.5	26.3	25.6	21.7	25.7	17.4
	15.7	9.9	16.3	16.2	21.5	22.7	22.5	26.3	25.6	21.7	25.7	17.4
	−0.6	0.0	−1.1	0.1	−0.2	0.0	0.5	−0.2	−0.3	−0.1	−1.8	0.3
	15.1	9.9	15.2	16.3	21.3	22.7	23.0	26.1	25.4	21.6	23.8	17.8
Per share
	₹2.05	₹1.28	₹2.12	₹2.11	₹2.81	₹2.96	₹2.93	₹3.43	₹3.34	₹2.82	₹3.35	₹2.27
	₹2.05	₹1.28	₹2.12	₹2.11	₹2.81	₹2.96	₹2.93	₹3.43	₹3.34	₹2.82	₹3.35	₹2.27
Other comprehensive income — detail
	−0.6	0.0	−1.1	0.1	−0.2	0.0	0.5	—	—	—	—	—
	−0.8	—	−1.5	0.2	−0.3	0.0	0.7	−0.2	—	−0.1	−2.5	0.4
	−0.2	0.0	−0.4	0.0	−0.1	0.0	0.2	—	—	—	—	—
	—	—	—	—	—	—	—	−0.1	0.3	−0.0	−0.6	0.1
	—	—	—	—	—	—	—	—	−0.1	0.0	—	—
Per share — as-filed variants
	₹2.05	₹1.28	₹2.12	₹2.11	₹2.81	₹2.96	₹2.93	₹3.43	₹3.34	₹2.82	₹3.35	₹2.27
	₹2.05	₹1.28	₹2.12	₹2.11	₹2.81	₹2.96	₹2.93	₹3.43	₹3.34	₹2.82	₹3.35	₹2.27
Regulatory disclosures — filed alongside, not part of the P&L
	6.1	—	18.0	—	7.0	—	11.1	—	—	—	—	—
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	68.1	55.6	66.5	64.7	69.4	73.5	81.5	83.0	81.3	74.5	79.8	64.3
	53.2%	48.1%	49.2%	55.3%	52.6%	54.5%	53.2%	52.7%	52.5%	53.6%	51.9%	51.2%
Adjusted (ex-exceptional items) — derived
	20.2	14.2	25.0	23.2	28.7	30.6	31.4	35.4	34.3	29.0	31.9	24.0
	0.0	0.0	−3.2	−1.6	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	15.7	9.9	18.7	17.4	21.5	22.7	22.5	26.3	25.6	21.7	25.7	17.4
	₹2.05	₹1.28	₹2.43	₹2.26	₹2.81	₹2.96	₹2.93	₹3.43	₹3.34	₹2.82	₹3.35	₹2.27

Open the chart

From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

SHANTIGEAR₹491.20

Shanthi Gears Limited

· Capital Goods & Defence

Annual Quarterly₹ CrorePeersRAYMOND DEEDEV PITTIENG HIRECT WINDMACHIN JASH JNKINDIA OMNIMcap ₹3,768 Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	125.5	153.6	138.8	155.1	157.5	153.2	134.9	131.9	116.8	135.1	115.5	128.0
Other Income	3.6	9.5	3.4	3.4	3.9	4.0	3.8	5.9	4.1	5.9	4.2	3.1
Total Income	129.2	163.2	142.2	158.5	161.4	157.2	138.7	137.9	120.9	141.0	119.7	131.1
Expenses
+ Cost of Materials Consumed	66.6	74.2	78.1	75.1	61.1	67.7	62.5	61.5	59.3	71.8	70.9	61.6
+ Changes in Inventories	-5.3	-0.4	-13.8	-1.4	13.4	4.1	-1.1	1.0	-7.1	-3.2	-11.0	-1.7
+ Employee Benefit Expense	17.8	17.6	19.6	21.3	21.1	19.7	19.4	20.6	20.4	18.4	19.8	20.8
+ Finance Costs	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1
+ Depreciation & Amortisation	3.0	4.2	3.1	3.2	3.4	3.6	3.7	3.8	3.9	4.7	5.1	5.5
+ Other Expenses	23.2	35.6	26.2	25.9	27.0	30.8	23.6	22.4	21.3	24.2	20.6	24.7
Total Expenses	105.2	131.3	113.3	124.2	126.0	125.8	108.0	109.2	97.7	115.9	105.5	110.9
EBITDA	23.4	26.6	28.7	34.2	35.0	31.0	30.5	26.5	23.0	23.9	15.2	22.7
EBIT	20.3	22.4	25.6	30.9	31.5	27.4	26.9	22.7	19.1	19.2	10.1	17.2
Profit
PBT before Exceptional Items	24.0	31.9	29.0	34.3	35.4	31.4	30.6	28.7	23.2	25.0	14.2	20.2
+ Exceptional Items	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.6	-3.2	0.0	0.0
Pretax Income	24.0	31.9	29.0	34.3	35.4	31.4	30.6	28.7	21.6	21.8	14.2	20.2
+ Current Tax	6.8	6.8	7.5	9.1	8.7	8.6	8.3	7.5	5.7	5.9	4.9	3.9
+ Deferred Tax	-0.2	-0.6	-0.3	-0.4	0.4	0.3	-0.3	-0.4	-0.3	-0.4	-0.6	0.6
Tax Expense	6.5	6.2	7.3	8.7	9.2	9.0	7.9	7.2	5.4	5.5	4.3	4.5
Net Income	17.4	25.7	21.7	25.6	26.3	22.5	22.7	21.5	16.2	16.3	9.9	15.7
+ Net Income — Continuing Ops	17.4	25.7	21.7	25.6	26.3	22.5	22.7	21.5	16.2	16.3	9.9	15.7
+ Other Comprehensive Income	0.3	-1.8	-0.1	-0.3	-0.2	0.5	0.0	-0.2	0.1	-1.1	0.0	-0.6
Total Comprehensive Income	17.8	23.8	21.6	25.4	26.1	23.0	22.7	21.3	16.3	15.2	9.9	15.1
Per Share
Basic EPS	2.27	3.35	2.82	3.34	3.43	2.93	2.96	2.81	2.11	2.12	1.28	2.05
Diluted EPS	2.27	3.35	2.82	3.34	3.43	2.93	2.96	2.81	2.11	2.12	1.28	2.05
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	0.5	0.0	-0.2	0.1	-1.1	0.0	-0.6
+ Items NOT to be Reclassified to P&L	0.4	-2.5	-0.1	—	-0.2	0.7	0.0	-0.3	0.2	-1.5	—	-0.8
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	0.2	0.0	-0.1	0.0	-0.4	0.0	-0.2
+ Tax on Items NOT to be Reclassified — alt tag	0.1	-0.6	-0.0	0.3	-0.1	—	—	—	—	—	—	—
+ Tax on Items to be Reclassified — alt tag	—	—	0.0	-0.1	—	—	—	—	—	—	—	—
Per Share — as-filed variants
Basic EPS — Continuing Operations	2.27	3.35	2.82	3.34	3.43	2.93	2.96	2.81	2.11	2.12	1.28	2.05
Diluted EPS — Continuing Operations	2.27	3.35	2.82	3.34	3.43	2.93	2.96	2.81	2.11	2.12	1.28	2.05
Regulatory Disclosures — filed alongside, not part of the P&L
Related-party Transactions — During the Period	—	—	—	—	—	11.1	—	7.0	—	18.0	—	6.1
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	64.3	79.8	74.5	81.3	83.0	81.5	73.5	69.4	64.7	66.5	55.6	68.1
Gross Margin %	51.19	51.95	53.64	52.45	52.71	53.19	54.46	52.63	55.34	49.24	48.14	53.22
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	24.0	31.9	29.0	34.3	35.4	31.4	30.6	28.7	23.2	25.0	14.2	20.2
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.6	-3.2	0.0	0.0
Net Income Adj (tax-effected)	17.4	25.7	21.7	25.6	26.3	22.5	22.7	21.5	17.4	18.7	9.9	15.7
EPS Adj	2.27	3.35	2.82	3.34	3.43	2.93	2.96	2.81	2.26	2.43	1.28	2.05
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	1.00	1.00	1.00	1.00	—	1.00	1.00	—	1.00	1.00	—	—
Paid Up Equity Capital	7.7	7.7	7.7	7.7	7.7	7.7	7.7	7.7	7.7	7.7	7.7	7.7

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · StandaloneFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Shanthi Gears Q2 FY27 results (July–September 2026)

Filed with NSE on Monday, 26 October 2026 at 3:55 pm IST

Shanthi Gears (NSE: SHANTIGEAR) reported its Q2 FY27 results (July–September 2026) on Monday, 26 October 2026 at 3:55 pm IST. Consolidated net profit was ₹15.7 crore, down 27.0% from ₹21.5 crore in Q2 FY26 and up 59.5% from ₹9.9 crore in Q1 FY27. Revenue from operations was ₹128 crore, down 3.0% year on year and up 10.8% from the previous quarter.

Q2 FY26 results (a year earlier): 24 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹15.7 Cr−27.0% vs Q2 FY26+59.5% vs Q1 FY27
Revenue from operations: ₹128 Cr−3.0% vs Q2 FY26+10.8% vs Q1 FY27
Operating margin (EBIT): 13.5%−3.8 pts vs Q2 FY26+4.7 pts vs Q1 FY27EBIT ₹17.2 Cr
EBITDA: ₹22.7 Cr−14.4% vs Q2 FY26+49.5% vs Q1 FY27margin 17.7%
Earnings per share (basic): ₹2.05−27.0% vs Q2 FY26+60.2% vs Q1 FY27
Net profit margin: 12.3%−4.0 pts vs Q2 FY26+3.7 pts vs Q1 FY27

Questions

What was Shanthi Gears' net profit in Q2 FY27?

Consolidated net profit was ₹15.7 crore, down 27.0% from ₹21.5 crore in Q2 FY26 and up 59.5% from ₹9.9 crore in Q1 FY27.

What was Shanthi Gears' revenue in Q2 FY27?

Revenue from operations was ₹128 crore, down 3.0% year on year and up 10.8% from the previous quarter.

What was Shanthi Gears' EPS in Q2 FY27?

Basic earnings per share were ₹2.05, against ₹2.81 in Q2 FY26.

How were Shanthi Gears' Q2 FY27 results?

Both fell from a year earlier: net profit was down 27.0% at ₹15.7 crore and revenue was down 3.0% at ₹128 crore. The operating margin was 13.5%, down 3.8 percentage points from 17.2% a year earlier. Against Q1 FY27, net profit was up 59.5% and revenue up 10.8%.

What was Shanthi Gears' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹17.2 crore, a margin of 13.5%, against 8.8% in Q1 FY27 and 17.2% in Q2 FY26. EBITDA was ₹22.7 crore, 17.7% of revenue.

What was Shanthi Gears' net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹25.6 crore, down 42.2% from ₹44.2 crore in the same months a year earlier. Revenue from operations was ₹243 crore, down 8.7%.

What is Shanthi Gears' net profit margin?

Shanthi Gears' net profit margin was 12.3% in Q2 FY27 (net profit as a share of revenue from operations), against 16.3% in Q2 FY26 (down 4.0 percentage points). For FY26 as a whole it was 14.8%.

What was Shanthi Gears' net profit in FY26?

Consolidated net profit was ₹76.7 crore in FY26 (April 2025–March 2026), down 20.2% from ₹96 crore in FY25. It was ₹82.3 crore in FY24 and ₹67.1 crore in FY23: up 14.3% over three years, 4.6% a year on average.

What was Shanthi Gears' revenue in FY26?

Revenue from operations was ₹519 crore in FY26 (April 2025–March 2026), down 14.2% from ₹605 crore in FY25. It was ₹536 crore in FY24 and ₹446 crore in FY23: up 16.4% over three years, 5.2% a year on average.

How has Shanthi Gears' profit changed over the last four quarters?

Net profit by quarter: ₹16.2 crore in Q3 FY26, ₹16.3 crore in Q4 FY26, ₹9.9 crore in Q1 FY27 and ₹15.7 crore in Q2 FY27. That is ₹58 crore over the four quarters, down 37.6% from ₹92.9 crore in the four quarters before. Revenue from operations: ₹117 crore, ₹135 crore, ₹115 crore and ₹128 crore.

When did Shanthi Gears announce its Q2 FY27 results?

On Monday, 26 October 2026 at 3:55 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 24 October 2025.

When will Shanthi Gears announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Shanthi Gears figures come from?

From Shanthi Gears' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 26 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.