Auto Parts & Equipment company Sandhar Technologies announced Q3FY24 & 9MFY24 results: Cosnoslidated Q3FY24 vs Q3FY23: Revenue growth of 23% YoY to Rs 892 crore in Q3FY24 led by robust demand by Customers, increased content share per vehicle, and new projects going into mass production. EBITDA grew by 34% YoY to Rs 91 crore in Q3FY24; EBITDA at 10.2% in Q3FY24 Vs 9.3% in Q3FY23 up by 90 bps. PBT at Rs 39 crore in Q3FY24 at 4.3% Vs Rs 27 crore in Q3FY23 at 3.7% up by 60 bps. PAT grew by 28% to Rs 25 crore in Q3FY24 compared to Rs 20 crore in Q3FY23. Standalone Q3FY24 vs Q3FY23: Revenue growth of 16% YoY to Rs 697 crore in Q3FY24 led by robust demand by Customers, increased content share per vehicle, and new projects going into mass production. EBITDA grew by 17% YoY to Rs 72 crore; EBITDA at 10.3% in Q3FY24 Vs 10.2% in Q3FY23. PBT at Rs 47 crore in Q3FY24 at 6.7% Vs Rs 37 crore in Q3FY23 at 6.1% up by 60 bps. PAT grew by 26% to Rs 34 crore in Q3FY24 compared to Rs 27 crore in Q3FY23. Consolidated 9MFY24 vs 9MFY23: Revenue for 9MFY24 stands at Rs 2,612 crore, up 21% YoY. EBITDA at Rs 251 crore higher by 34% YoY; EBITDA at 9.6% for 9MFY24 Vs 8.7% for 9MFY23 up by 90 bps. PBT at Rs 104 crore in 9MFY24, up by 51% YoY. PAT grew by 52% YoY to Rs 74 crore in 9MFY24. Debt at Rs 553 crore as of 31st December 2023. Debt Equity Ratio 0.56. Net Operating Cash Flow for 9MFY24 is Rs 263 crore. Standalone 9MFY24 vs 9MFY23: Revenue for 9MFY24 stands at Rs 2,031 crore, up 12% YoY. EBITDA at Rs 190 crore higher by 19% YoY; EBITDA at 9.4% for 9MFY24 Vs 8.8% for 9MFY23 up by 60 bps. PBT at Rs 115 crore in 9MFY24, up by 42% YoY. PAT grew by 44% YoY to Rs 85 crore in 9MFY24. Debt stands at Rs 111 crore as of 31st December 2023. Debt Equity Ratio 0.11. Net Operating cash flow for 9MFY24 is Rs 161 crore. Commenting on the results, Yashpal Jain, CFO, Sandhar said: “We have delivered another quarter of strong performance driven by robust demand by Customers, increased content share per vehicle and new projects going into mass production. In 9MFY24 at a consolidated level, we achieved revenue of Rs 2,612 crore, representing a growth of 21% YoY, and Rs 251 crore of EBITDA at 9.6%. As we move into the end of FY24, we believe that we will continue to grow, with the new capex turning into production, a favourable shift in the business environment. The current financial year provides good visibility for growth in coming quarters. We will focus on increasing operational efficiency, improving margins, generating free cash flows and improving return on capital employed. Our company is on the path of enormous growth and we hope to move forward, even more aggressively, to ‘Growth, Motivation and Better life”. Result PDF
Auto Parts & Equipment firm Sandhar Technologies announced Q1FY23 Result : Strong performance in the Q1 FY 22-23 despite various challenges faced during the period. Total Income stood atRs 678 Crs.. registering an impressive growth of 65% over Q1 FY 21-22 Total Income Rs 678 Crs. as compared to Rs 412 Crs.. in Q1 FY22 (YoY 65%) EBITDA Rs 58 Crs. as compared to Rs 33 Crs. in Q1 FY22 (YoY 76%) PBT Rs 19 Crs. as compared to Rs 2 Crs. in Q1 FY22 (YoY 961%) Total Comprehensive Income Rs 12 Crs. as compared to Rs 2 Crs. in Q1 FY22 (YoY 664%) Industry registered a growth of 38% whereas Sandhar has achieved an impressive growth of 65% on YoY basis. Result PDF
Highlights: H1 FY 22 vs H1 FY 21 (Consolidated): Revenue of Rs. 1032 Crs, up by 63%. EBITDA of Rs. 95 Crs, up by 107%. Cash Profit of Rs. 75 Crs, up by 106%. Cash EPS is Rs. 12.53 H1 FY 22 vs H1 FY 21 (Standalone): Revenue of Rs. 857 Crs, up by 62%. EBITDA of Rs. 72 Crs, up by 103%. Cash Profit of Rs. 60 Crs, up by 90%. Cash EPS is Rs. 10.03 Q2 FY 22 vs Q1 FY 22 (Consolidated): Revenue of Rs. 620 Crs, up by 51%. EBITDA of Rs. 62 Crs, up by 90%. Cash Profit of Rs. 48 Crs, up by 74%. Cash EPS is Rs. 7.96 Q2 FY 22 vs Q1 FY 22 (Standalone): Revenue of Rs. 538 Crs, up by 69%. EBITDA of Rs. 52 Crs, up by 147%. Cash Profit of Rs. 42 Crs, up by 127%. Cash EPS is Rs. 6.96 Result PDF