Conference Call with Sansera Engineering Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Sansera Engineering announced Q1FY24 results: Revenue From Operation of Rs 6,600.7 million in Q1FY24 compared to Rs 5,321.7 million in Q1FY23, up 24% YoY EBITDA of Rs 1,143.5 million in Q1FY24 compared to Rs 914.4 million in Q1FY23, up 25% YoY EBITDA Margin of 17.3% in Q1FY24 compared to 17.2% in Q1FY23 Profit After Tax of Rs 451.7 million in Q1FY24 compared to Rs 347.8 million in Q1FY23, up 30% YoY Profit After Tax Margin of 6.8% in Q1FY24 compared to 6.5% in Q1FY23 International business grew by 35% while domestic business registered a healthy 20% growth Total orders booked during Q1FY24: Rs 3.7 billion. As of Jun-23, order book with annual peak revenues stood at Rs 16.9 billion; very healthy order booking for global markets. Almost 70% of new order inflows came in from the Auto-ICE segment, 21% from Auto-Tech Agnostic & xEV segment, and the remaining 9% from the Non-Auto segment. On the debt front, our net debt stood at Rs 7.2 billion (Jun-23) Construction of the new machining facility at plant 11, Bidadi is on track for completion by the end of FY24 Commenting on the performance B R Preetham, Group CEO, Sansera Engineering said, “I am delighted to share with you that we have kicked off the fiscal year with our best performance in terms of topline and EBITDA. This stellar performance is driven by broad-based growth across domestic and international markets, and we hope to continue in top gear. On one hand, our newer segments like Auto-Tech Agnostic & xEV products and Nonauto continued to perform well on a modest yet rapidly growing base, on the other hand, our well-established Auto-ICE segment delivered a healthy ~20% growth on a far bigger base. The growth registered by our newer segment illustrates Sansera’s adaptability to newer requirements and our futuristic product range. Meanwhile, AutoICE's growth is a clear reflection of our prowess in core product categories. Given the convergence of these advantageous factors and favorable market conditions throughout our operational divisions, we anticipate a robust performance for the fiscal year 2024.” Result PDF