Sansera Engineering Q1 Results Review - On-Track To Achieve Strong Growth: Nirmal Bang

Nirmal Bang Report

Sansera Engineering Ltd. posted its highest ever consolidated revenue in Q1 FY25 at ~Rs 7.44 billion, up ~13%/flat YoY/QoQ. Consolidated gross margin stood at 41.8% up by ~190 bps YoY. Ebitda stood at ~Rs 1.28 billion and margin came in at 17.1%. Gross margin expansion was offset by higher other expenses due to an increase in global freight rates and higher staff costs due to annual hikes incorporated in the quarter.

The new age businesses including Tech Agnostic, X-EV and Non-Auto posted a combined growth of 34% YoY. Tech Agnostic grew 68%, X-EV 29% and Non-Auto 16.5% slightly constrained by the weak growth in the Agri segment.

The Aerospace segment grew by 28% YoY. Going ahead, the company remains optimistic about ~40-50% growth in Aerospace over the next two-three years.

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