Sansera Engineering stock tumbles 6% post weak Q3 FY22 numbers

8 Feb 2022 , 11:32 AM

Sansera Engineering Ltd.’s consolidated revenue from operations for December 2021 quarter stood at Rs 486.80 crore as against Rs 500.60 crore for December 2020 quarter, down by 3% YoY. Revenue for the 9M period ended December 2021 stood at Rs 1,423.70 crore against Rs 1,076.40 crore for the previous 9M period, increasing 32% YoY.

Its EBITDA for Q3 FY’22 was reported at Rs 75.90 crore against Rs 104.30 crore for Q3 FY’21, down by 27% YoY. EBITDA for the 9M period ending December 2021 was Rs 249.10 crore against Rs 190.80 crore for the 9M period ending December 2020, up by 31% YoY. EBIDTA margin settled at 15.6% for Q3 FY’22.

PAT for the quarter ended December 2021 stood at Rs 23.90 crore against Rs 50.60 crore for the quarter ended December 2020, down by 53% YoY. Net profit for the 9M period ending December 2021 stood at Rs 94.50 crore, against Rs 62.70 crore for the previous 9M period, registering growth of 51% YoY. PAT margin settled at 4.90% for the quarter ended December 2021 against 10.1% in the previous corresponding quarter.

“The economic disruptions of the pandemic, and more recently, the severity of the semiconductor shortage, rising commodity prices, and supply chain issues have been causing pressure on the Automakers as well as Auto Component manufacturers. The situation is improving gradually, and we are observing sign of recovery across the segments led by pent up demand and relaxation of lockdown restrictions. The medium-term outlook for Automotive sector remains positive despite near-term challenges of COVID-19 related disruptions and chips shortage,” commented Mr. B R Preetham Group CEO, Sansera Engineering.

At around 11.30 am, Sansera was trading at Rs 696.55, down by Rs 48.50 or 6.51% against its previous closing price of Rs 745.05. It has touched day’s high and low of Rs 715.95 and Rs 681 respectively so far.