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Shanthi Gears Q3 Revenue Falls 26%, Declares ₹3 Dividend, CFO Resigns
Shanthi Gears reported a challenging Q3 FY26 with revenue declining 26% YoY to ₹116.82 Crores and Profit Before Tax dropping 39% to ₹21.59 Crores. Despite the earnings contraction, the company achieved its highest-ever quarterly order booking of ₹169 Crores, indicating a strong future pipeline. The Board declared an interim dividend of ₹3 per share (300%) with a record date of January 29, 2026. Concurrently, CFO Ranjan Kumar Pati has resigned to pursue external opportunities, effective March 19, 2026.
Key Highlights
Revenue decreased to ₹116.82 Crores in Q3 FY26 from ₹157.51 Crores in Q3 FY25
Profit Before Tax (PBT) fell to ₹21.59 Crores compared to ₹35.43 Crores in the previous year
Achieved record quarterly order booking of ₹169 Crores, representing 28% YoY growth
Declared interim dividend of ₹3 per share; unexecuted order book stands at ₹305 Crores
CFO Ranjan Kumar Pati to step down effective March 19, 2026
💼 Action for Investors
While the quarterly earnings were weak due to past order lags, the record-high new order bookings suggest a recovery in the coming quarters. Investors should hold for the dividend while monitoring the company's ability to convert its ₹305 Crore order book into revenue under new financial leadership.
Shanthi Gears Q3 Revenue Drops 26%; Declares ₹3 Dividend & Reports Record Order Booking
Shanthi Gears reported a weak Q3 FY26 with revenue falling to ₹116.82 Crores from ₹157.51 Crores YoY, primarily due to lower order bookings in previous quarters. Profit Before Tax also declined significantly to ₹21.59 Crores from ₹35.43 Crores. However, the company achieved its highest-ever quarterly order booking of ₹169 Crores (up 28% YoY), bringing the total unexecuted order book to ₹305 Crores. The Board declared an interim dividend of ₹3 per share and announced the resignation of CFO Ranjan Kumar Pati.
Key Highlights
Revenue declined 26% YoY to ₹116.82 Crores in Q3 FY26.
Profit Before Tax dropped to ₹21.59 Crores from ₹35.43 Crores in Q3 FY25.
Achieved record order booking of ₹169 Crores in Q3, with an unexecuted order book of ₹305 Crores.
Declared an interim dividend of ₹3 per equity share (300%) with a record date of January 29, 2026.
CFO Ranjan Kumar Pati resigned effective March 19, 2026, to pursue outside opportunities.
💼 Action for Investors
While current earnings are weak, the record-high order book suggests a potential turnaround in revenue for future quarters. Investors should hold for the dividend yield but monitor the management transition and execution of the ₹305 Crore order book.
Shanthi Gears Declares ₹3 Interim Dividend; Q3 Revenue Drops 26% Despite Record Order Booking
Shanthi Gears has declared an interim dividend of ₹3 per share (300%) for FY 2025-26, with a record date of January 29, 2026. The company reported a 26% YoY decline in Q3 revenue to ₹116.82 crore and a drop in PBT to ₹21.59 crore, primarily due to lower order bookings in previous quarters. However, the company achieved its highest-ever quarterly order booking of ₹169 crore, bringing the total order book to ₹305 crore. Additionally, CFO Ranjan Kumar Pati has resigned to pursue outside opportunities, effective March 19, 2026.
Key Highlights
Interim dividend of ₹3 per equity share declared with record date of January 29, 2026
Revenue for Q3 FY26 fell to ₹116.82 crore from ₹157.51 crore in the previous year
Achieved highest-ever quarterly order booking of ₹169 crore, up 28% YoY
Unexecuted order book stands at a healthy ₹305 crore as of December 31, 2025
CFO Ranjan Kumar Pati to step down effective March 19, 2026
💼 Action for Investors
Investors should focus on the strong order book growth as a lead indicator for future revenue recovery despite the current quarter's earnings dip. The dividend provides immediate yield, but the CFO transition and execution of the ₹305 crore order book are key monitorables.
Shanthi Gears Q3 Revenue Falls 26%, Declares ₹3 Dividend, Record Order Booking of ₹169 Cr
Shanthi Gears reported a challenging Q3 FY26 with revenue declining 26% YoY to ₹116.82 Crores and Profit Before Tax dropping to ₹21.59 Crores due to lower execution of previous orders. Despite the weak quarterly performance, the company achieved its highest-ever quarterly order booking of ₹169 Crores, representing 28% YoY growth. The Board declared an interim dividend of ₹3 per share (300%) with a record date of January 29, 2026. Additionally, the company announced the resignation of CFO Ranjan Kumar Pati, effective March 19, 2026.
Key Highlights
Revenue for Q3 FY26 stood at ₹116.82 Crores versus ₹157.51 Crores in Q3 FY25.
Profit Before Tax (PBT) declined to ₹21.59 Crores from ₹35.43 Crores in the same period last year.
Achieved record quarterly order booking of ₹169 Crores with a total unexecuted order book of ₹305 Crores.
Declared an interim dividend of ₹3 per equity share for the financial year 2025-26.
CFO Ranjan Kumar Pati to step down on March 19, 2026, to pursue outside opportunities.
💼 Action for Investors
Investors should focus on the record order book and 31% ROIC as indicators of future recovery despite the current dip in revenue. Monitor the management transition following the CFO's resignation and the company's ability to convert the ₹305 Crore order book into revenue.