Sansera Engineering logs 21% yoy decline in PAT for Q4FY22; stock plunges ~4%

24 May 2022 , 11:57 AM

Sansera Engineering Limited has posted its results for the quarter and fiscal year ended March 31, 2022.

The company has logged revenue of Rs580.80 crore in Q4FY22 against revenue of Rs496 crore in Q4FY21, up by 17% yoy. Revenue for FY22 stood at Rs2,004.50 crore as compared to Rs1,572.40 crore in FY21, up by 27% yoy.

Company’s EBITDA for the quarter under review stood at Rs100 crore as compared to Rs104.40 crore in the previous corresponding quarter, registering a decline of 4% yoy. For FY22, EBITDA was reported at Rs349.10 crore, up by 18% yoy, as compared to Rs295.20 crore in FY21.

However, the company’s PAT declined sharply by 21% yoy at Rs37.40 crore in Q4FY22 against Rs47.20 crore in the previous corresponding quarter. While it logged growth of 20% yoy in PAT at Rs131.90 crore in FY22 as against Rs109.90 crore in FY21.

Company achieved an EBITDA margin of 17.2% and 17.4% in Q4FY22 and FY22 respectively.

PAT Margin for Q4FY22 stood at 6.4% and 6.6% for FY22.

In an inflationary environment, Sansera was able to pass on the increase in RM prices to domestic customers in Q4FY22. However, gross margins had a decline of 1.9% primarily due to a lag in a price increase on domestic sales and a marginal drop in margins on international revenues due to higher RM prices.

Sansera Engineering was trading at Rs701.85, down by 3.96% or Rs29.95 against its previous close of Rs730.80 on NSE. It touched an intraday high and low of Rs744 and Rs694.85 respectively so far.