Shanthi Gears Limited (SGL), a subsidiary of Tube Investments of India Limited (TII), announced the outcome of its Board Meeting held on January 22, 2026. The Board approved the unaudited standalone financial results for the quarter and nine months ended December 31, 2025. For the third quarter of FY26, SGL reported revenue of ₹116.82 crore, a decrease from ₹157.51 crore in Q3 FY25, attributed to lower order booking in previous quarters. Profit before tax for the quarter was ₹21.59 crore, down from ₹35.43 crore in Q3 FY25, primarily due to the revenue decline. The company achieved a Return on Invested Capital (ROIC) of 31% in Q3 FY26 and recorded a negative Free Cash Flow of ₹1.72 crore due to capital expenditure on core machinery. Despite the quarterly revenue dip, SGL achieved its highest-ever order booking of ₹169 crore in Q3 FY26, marking a 28% growth over Q3 FY25. The unexecuted order book stood at ₹305 crore as of December 31, 2025. Furthermore, the Board declared an interim dividend of ₹3 per equity share (300%) for the financial year ending March 31, 2026. The record date for this dividend has been fixed as January 29, 2026, with the payment scheduled on or before February 20, 2026. In a significant management change, Mr. Ranjan Kumar Pati, Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), will be stepping down from his role effective March 19, 2026, to pursue external career opportunities. The Board meeting commenced at 11:45 a.m. and concluded at 01:50 p.m.
