Auto Parts & Equipments company Shanthi Gears announced Q2FY24 results: Revenue of Rs 135.4 crore in Q2FY24 with a 25% growth over Q2FY23. The Profit before tax for Q2FY24 was up by 32% at Rs 29.7 crore as against Rs 22.5 crore in Q2FY23. Focus on cost optimisation and lower Invested Capital enabled improvement in Return on Invested Capital (ROIC) to 72% during Q2FY24. The Company generated Free Cash Flow (FCF) of Rs 19.1 crore during Q2FY24 as against Rs 11.2 crore during Q2FY23. FCF to PAT is 91% in Q2FY24. During Q2FY24, the Company booked orders for Rs 149 crore with a 43% growth over Q2FY23. Result PDF