Sales of India segment has gone up 217.06% to Rs 318.66 crore (accounting for 77.71% of total sales).  Sales of Europe segment has gone up 217.92% to Rs 91.41 crore (accounting for 22.29% of total sales).  

Operating profit margin has turned from negative 9.89% to positive 7.58%. Operating profit for the quarter stood at Rs 1.60 crore compared to loss of Rs 0.73 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 52.76% to 57.07%.   Employee cost decreased from 32.42% to 16.62%.  Other expenses fell from 24.81% to 18.88%.   

Other income rose 119.18% to Rs 1.6 crore.  During the quarter ending June 2021, PBIDT stood at Rs 32.69 crore compared to a loss of Rs 12.06 crore in quarter endedJune 2020.

Provision for interest rose 26.47% to Rs 3.87 crore.  PBIT of India segment fell 98.85% to Rs -0.35 crore (accounting for -6.18% of total PBIT).  PBIT of Europe reported profit of Rs 5.98 crore compared to loss of Rs 6.80 crore.  

PBIT margin of India segment rose from negative 30.10% to negative 0.11%.  PBIT margin of Europe segment rose from negative 23.66% to 6.54%.  Overall PBIT margin rose from 28.66% to 1.37%.  

Provision for depreciation rose 10.77% to Rs 23.86 crore.  Share of profit/loss was 7.80% higher at Rs -3.19 crore. 

profit before tax was Rs 1.77 crore compared to loss before tax of Rs 40.12. Provision for tax was credit of Rs 0.34 crore, compared to credit of Rs 8.98 crore.  Effective tax rate was negative 19.21% compared to 22.38%.

Minority interest increased 8.33% to Rs -0.11 crore.  Net profit attributable to owners of the company was Rs 2.22 crore compared to loss of Rs 31.02 crore.

Promoters' stake was 70.37% as of 30 June 2021 ,compared to 70.29% as of 30 June 2020 .  

Full year results analysis.

Net sales (including other operating income) of Sandhar Technologies Limited has declined 4.11% to Rs 1863.57 crore.  Sales of India segment has gone down 3.40% to Rs 1,596.52 crore (accounting for 85.67% of total sales).  Sales of Europe segment has gone down 8.16% to Rs 267.05 crore (accounting for 14.33% of total sales).  

Operating profit margin has jumped from 10.10% to 10.11%, leading to 4.06% decline in operating profit to Rs 188.40 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 56.98% to 58.59%.   Employee cost decreased from 15.08% to 14.91%.   Other expenses fell from 17.76% to 16.39%.   

Other income rose 7.26% to Rs 10.78 crore.  

Profit before interest, tax and other unallocable items (PBIT) has slumped 4.54% to Rs 94.04 crore.  PBIT of India segment fell 0.80% to Rs 83.93 crore (accounting for 89.25% of total PBIT).  PBIT of Europe segment fell 27.31% to Rs 10.11 crore (accounting for 10.75% of total PBIT).  

PBIT margin of India segment rose from 5.12% to 5.26%.  PBIT margin of Europe segment fell from 4.78% to 3.78%.  Overall PBIT margin fell from 5.07% to 5.05%.  

Provision for interest fell 21.70% to Rs 16.02 crore.  Loan funds rose to Rs 302.86 crore as of 31 March 2021 from Rs 277.34 crore as of 31 March 2020.  Inventories rose to Rs 211.37 crore as of 31 March 2021 from Rs 195.69 crore as of 31 March 2020.  Sundry debtors were higher at Rs 357.46 crore as of 31 March 2021 compared to Rs 191.88 crore as of 31 March 2020.  Cash and bank balance rose to Rs 11.12 crore as of 31 March 2021 from Rs 7.50 crore as of 31 March 2020.  Investments rose to Rs 58.41 crore as of 31 March 2021 from Rs 47.96 crore as of 31 March 2020 .  

Provision for depreciation fell 4.53% to Rs 93.95 crore.  Fixed assets declined from Rs 858.79 crore as of 31 March 2020 to Rs 841.28 crore as of 31 March 2021.  Intangible assets increased from Rs 5.53 crore to Rs 15.06 crore.  

Profit before tax grew 1.90% to Rs 89.21 crore.  Share of profit/loss was 17.89% lower at Rs -11.2 crore.  Provision for tax was expense of Rs 20.18 crore, compared to Rs 21.07 crore.  Effective tax rate was 25.87% compared to 27.00%.

Net profit attributable to owners of the company increased 1.49% to Rs 57.75 crore.  

Equity capital stood at Rs 60.19 crore as of 31 March 2021 to Rs 60.19 crore as of 31 March 2020.  Per share face Value remained same at Rs 10.00.  

Promoters' stake was 70.35% as of 31 March 2021 ,compared to 70.29% as of 31 March 2020 .  

Cash flow from operating activities decreased to Rs 123.72 crore for year ended March 2021 from Rs 239.01 crore for year ended March 2020.  Cash flow used in acquiring fixed assets during the year ended March 2021 stood at Rs 76.97 crore, compared to Rs 87.52 crore during the year ended March 2020.  

Other Highlights

In Q1 FY22, company achieved a growth of 217% compared to Industry of 138%.

In Q1 FY22, domestic revenue was 78% of total revenue and 22% was from overseas.

During the quarter, Proprietary Business contributed 25% of total revenue, Sheet Metal 14%, Cabins 12%, Assemblies 8%, Aluminium Die Casting 28% and Others 13%.