Marginal rise in Shanthi Gears net

Shanthi Gears Ltd, a subsidiary of Chennai-based Tube Investments of India Ltd (TII), a Murugappa Group company, has reported a marginal increase in its net profit from ₹1.85 crore during the first quarter of the previous fiscal to ₹1.89 crore during the corresponding quarter of the current year. Turnover for the quarter ended June 30, 2015, increased to ₹ 37.16 crore against ₹34.21 crore in the same quarter of last year. The profit before tax stood at ₹2.92 crore (₹1.94 crore). The company built its order book by ₹41 crore at the end of the first quarter of 2015 (₹48 crore). Our Bureau