India's Shanthi Gears hits 3-month low on profit fall

Shanthi Gears

24/10/2025 10:05

** Shares of Shanthi Gears SHNT.NS fall as much as 6.3% to 493.65 rupees, their lowest level since July 8

** Industrial gearing solutions firm reports 16% year-on-year drop in September-quarter profit, revenue falls 15%

** Stock was up around 2% before the results announcement

** More than 232,000 shares change hands by 2:30 p.m. IST, 5-times their 30-day avg

** Stock last down 3%, erasing nearly all YTD gains

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))