Shanthi Gears Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced sales was INR 580.2 million compared to INR 615.1 million a year ago. Net income was INR 60.9 million compared to INR 98.4 million a year ago. Basic earnings per share was INR 0.79 compared to INR 1.2 a year ago. For the nine months, sales was INR 2,006.8 million compared to INR 1,828.7 million a year ago. Net income was INR 239 million compared to INR 273.4 million a year ago. Basic earnings per share was INR 3.11 compared to INR 3.35 a year ago.