Shanthi Gears Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales of INR 426.9 million against INR 424.6 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 38.5 million against INR 21.5 million a year ago. Profit from ordinary activities before tax was INR 62.6 million against INR 50.9 million a year ago. Net profit for the period after taxes was INR 51.5 million or INR 0.63 basic and diluted per share before and after extraordinary items against INR 37.6 million or INR 0.46 basic and diluted per share before and after extraordinary items a year ago.

For the nine months, the company reported net sales of INR 1,219.0 million against INR 1,134.4 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 104.3 million against INR 19.9 million a year ago. Profit from ordinary activities before tax was INR 171.8 million against INR 97.5 million a year ago. Net profit for the period after taxes was INR 129.1 million or INR 1.58 basic and diluted per share before and after extraordinary items against INR 78.9 million or INR 0.97 basic and diluted per share before and after extraordinary items a year ago.