- 09 Nov 2022
- ICICIdirect Research
Sansera Engineering reports healthy performance in Q2FY23
SANSERA - 722 Change: -10.75 (-1.47 %)News:
The company reported a healthy performance in Q2FY23 wherein topline came in higher than anticipated at Rs 634 crore, up 19% QoQ. EBITDA came in at Rs 106.2 crore, up 18% QoQ with margins coming 16.8% (down 20 bps QoQ). Resultant PAT for the quarter was at Rs 46.9 crore, up 35% QoQ
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Sequential gross margins decline for the quarter was offset by operating leverage play where in employee expense & other expense came in lower QoQ as a percentage of sales basis. Overall, the company is traversing well on its path of diversifying its sales mix towards more powertrain agnostic & EV components. This, coupled with healthy order book both from domestic as well as global OEMs across automotive and non-automotive segment, the company is well poised to clock healthy profitable growth ahead
Impact:
Positive