The shares of Shanthi Gears dropped more than 6 percent to hit a three-month low of Rs 493.65 apiece on October 24. This came after the company released its results for the July-September quarter of the financial year 2026.


Shanthi Gears on Friday reported a net profit of Rs 21.5 crore for the second quarter of the ongoing FY26. This marks a 16 percent year-on-year (YoY) fall from the Rs 25.63 crore net profit reported in the corresponding quarter of FY25.

The firm's revenue from operations meanwhile fell nearly 15 percent YoY to Rs 132 crore in Q2 FY26, from Rs 155 crore in Q2 FY25. Earnings per share (EPS) also reduced to Rs 2.80 during the quarter under review, from Rs 3.34 in the same period last year.

Shanthi Gears said its booked orders during the quarter rose 7 percent to Rs 138 crore. Unexecuted order book as on September 30 stood at Rs 254 crore. It achieved return on average invested capital (ROIC) of 46 percent in Q2 FY26, and generated free cash flow of Rs 12.68 crore during the period.