Chennai: Board of Directors of Shanthi Gears Limited (SGL), a subsidiary of Tube Investments of India Limited (TII), recently approved the financial results for the quarter and six months ended 30 September. According to a press release, the company continues to focus on four key priorities of revenue growth, profitability, ROCE and Free Cash Flow (FCF).

Revenue of Rs 70.9 Crores in the quarter with a 19 per cent growth over Q2 of previous year. Revenue of Rs 142.7 Crores in the half-year with a 18 per cent growth of over H1 of previous year. The Profit before tax for the quarter was higher by 4 per cent at Rs 11.9 Crores against the corresponding quarter of the previous year. The Profit before tax for the half-year was higher by 9 per cent at Rs 24.5 Crores against half-year of the previous year, the release added.