Total expenses fell 12.07% to Rs 109.17 crore in Q2 FY26 compared with Rs 124.15 crore in Q2 FY25. Cost of material consumed stood at Rs 61.50 crore (down 18.13% YoY) and employee benefit expenses stood at Rs 20.55 crore (down 3.43% YoY) during the period under review.

The company generated free cash flow of Rs 12.68 crore during Q2 FY26

During the quarter the company booked orders worth of Rs 138 crore up by 7%. Unexecuted order book stood at Rs 254 crore as on 30th September 2025.

Shanthi Gears (SGL), a subsidiary of Tube Investments of India. The company caters to a wide range of industries including steel, cement, power (thermal & wind), mining, transportation, and construction. It also provides comprehensive refurbishment services across India, including spare part development, on-site assembly, commissioning, and maintenance.