On consolidated basis
Quarter ended December 2024 compared with Quarter ended December 2023.
Net sales (including other operating income) of Sandhar Technologies Limited has increased 9.46% to Rs 973.69 crore. Sales of India segment has gone up 11.10% to Rs 866.66 crore (accounting for 89.01% of total sales). Sales of Overseas segment has gone down 2.21% to Rs 107.03 crore (accounting for 10.99% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 7.65% to Rs 55.76 crore. PBIT of India segment rose 21.80% to Rs 59.38 crore (accounting for 106.49% of total PBIT). PBIT of Overseas reported loss of Rs 3.62 crore compared to profit of Rs 3.05 crore. PBIT margin of India segment rose from 6.25% to 6.85%. PBIT margin of Overseas segment fell from 2.78% to 3.38%. Overall PBIT margin fell from 5.82% to 5.73%. Operating profit margin has declined from 9.96% to 9.75%, leading to 7.17% rise in operating profit to Rs 94.96 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 61.65% to 62.04%. Employee cost increased from 13.33% to 13.47%. Other expenses fell from 15.14% to 14.97%. Other income fell 66.96% to Rs 0.75 crore. PBIDT rose 5.31% to Rs 95.71 crore. Provision for interest rose 5.94% to Rs 13.91 crore. PBDT rose 5.21% to Rs 81.8 crore. Provision for depreciation rose 10.10% to Rs 43.72 crore. Profit before tax grew 0.11% to Rs 38.08 crore. Share of profit/loss was 498.41% higher at Rs 3.77 crore. Provision for tax was expense of Rs 11.9 crore, compared to Rs 13.3 crore. Effective tax rate was 28.43% compared to 34.39%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 18.71% to Rs 29.95 crore. Promoters’ stake was 70.38% as of 31 December 2024 ,compared to 70.38% as of 31 December 2023 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Sandhar Technologies Limited has increased 10.26% to Rs 2870.42 crore. Sales of India segment has gone up 13.25% to Rs 2,530.61 crore (accounting for 88.16% of total sales). Sales of Overseas segment has gone down 7.83% to Rs 339.81 crore (accounting for 11.84% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 21.32% to Rs 171.01 crore. PBIT of India segment rose 34.99% to Rs 166.63 crore (accounting for 97.44% of total PBIT). PBIT of Overseas segment fell 75.00% to Rs 4.38 crore (accounting for 2.56% of total PBIT). PBIT margin of India segment rose from 5.52% to 6.58%. PBIT margin of Overseas segment fell from 4.75% to 1.29%. Overall PBIT margin rose from 5.41% to 5.96%. Operating profit margin has jumped from 9.32% to 9.74%, leading to 15.21% rise in operating profit to Rs 279.45 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 61.42% to 61.60%. Employee cost increased from 13.62% to 13.71%. Other expenses fell from 15.66% to 15.08%. Other income rose 34.53% to Rs 11.22 crore. PBIDT rose 15.85% to Rs 290.67 crore. Provision for interest rose 12.97% to Rs 41.97 crore. PBDT rose 16.35% to Rs 248.7 crore. Provision for depreciation rose 13.61% to Rs 126.68 crore. Profit before tax grew 19.33% to Rs 122.02 crore. Share of profit/loss was 355.84% higher at Rs 7.02 crore. Provision for tax was expense of Rs 30.01 crore, compared to Rs 29.4 crore. Effective tax rate was 23.26% compared to 28.33%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 33.99% to Rs 99.03 crore. Promoters’ stake was 70.38% as of 31 December 2024 ,compared to 70.38% as of 31 December 2023 .
Full year results analysis.
Net sales (including other operating income) of Sandhar Technologies Limited has increased 21.05% to Rs 3521.11 crore. Sales of India segment has gone up 22.50% to Rs 3,033.17 crore (accounting for 86.14% of total sales). Sales of Europe segment has gone up 12.72% to Rs 487.93 crore (accounting for 13.86% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 46.98% to Rs 201.72 crore. PBIT of India segment rose 46.70% to Rs 178.30 crore (accounting for 88.39% of total PBIT). PBIT of Europe segment rose 49.13% to Rs 23.43 crore (accounting for 11.61% of total PBIT). PBIT margin of India segment rose from 4.91% to 5.88%. PBIT margin of Europe segment rose from 3.63% to 4.80%. Overall PBIT margin rose from 4.72% to 5.73%. Operating profit margin has jumped from 8.56% to 9.67%, leading to 36.74% rise in operating profit to Rs 340.61 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 62.89% to 61.07%. Employee cost increased from 13.19% to 13.66%. Other expenses rose from 15.38% to 15.60%. Other income fell 13.61% to Rs 10.79 crore. PBIDT rose 34.34% to Rs 351.4 crore. Provision for interest rose 43.99% to Rs 51.52 crore. Loan funds rose to Rs 741.03 crore as of 31 March 2024 from Rs 666.34 crore as of 31 March 2023. Inventories rose to Rs 336.90 crore as of 31 March 2024 from Rs 300.45 crore as of 31 March 2023. Sundry debtors were higher at Rs 457.53 crore as of 31 March 2024 compared to Rs 355.36 crore as of 31 March 2023. Cash and bank balance rose to Rs 35.52 crore as of 31 March 2024 from Rs 7.08 crore as of 31 March 2023. Investments rose to Rs 57.41 crore as of 31 March 2024 from Rs 49.04 crore as of 31 March 2023 . PBDT rose 32.81% to Rs 299.88 crore. Provision for depreciation rose 26.42% to Rs 153.62 crore. Fixed assets increased to Rs 1,406.63 crore as of 31 March 2024 from Rs 1,281.19 crore as of 31 March 2023. Intangible assets stood at Rs 5.53 crore. Profit before tax grew 40.26% to Rs 146.26 crore. Provision for tax was expense of Rs 39.95 crore, compared to Rs 26.81 crore. Effective tax rate was 26.60% compared to 26.71%. Minority interest decreased 18.64% to Rs 0.48 crore. Net profit attributable to owners of the company increased 50.45% to Rs 109.78 crore. Equity capital stood at Rs 60.19 crore as of 31 March 2024 to Rs 60.19 crore as of 31 March 2023. Per share face Value remained same at Rs 10.00. Promoters’ stake was 70.38% as of 31 March 2024 ,compared to 70.38% as of 31 March 2023 . Cash flow from operating activities decreased to Rs 274.82 crore for year ended March 2024 from Rs 307.90 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 237.22 crore, compared to Rs 256.65 crore during the year ended March 2023. Other Highlights
In Q3 FY25, 2-Wheelers contributed 60.9% to revenue, Passenger
vehicles 15.6%, OHV 15.9%, CV 1.5% and others 6.1%.
In 9M FY25, 2-Wheelers contributed 61.7% to revenue, Passenger
vehicles 16.4%, OHV 14.9%, CV 1.6% and others 5.4%.
In Q3 FY25, locking systems contributed 19% to total revenue,
vision systems 5.5%, Cabins & Fabrication 15.1%, Sheet Metal 14.1%, ADC –
Overseas 11%, ADC – Domestic 12.8%, Assemblies 11.4% and Others 11.1%.
In 9M FY25, locking systems contributed 18.4% to total revenue,
vision systems 5.6%, Cabins & Fabrication 14.2%, Sheet Metal 17%, ADC –
Overseas 11.8%, ADC – Domestic 13.4%, Assemblies 10.7% and Others 8.9%.
As part of its internal restructuring and
to streamline the operations of its Zinc Die Casting Business, the Board has
approved the sale of two units to its wholly owned subsidiary, Sandhar Ascast.
These units are Unit-IV at IMT Manesar, Gurgaon, Haryana, and Unit-II at
Attibele, Anekal Taluk, Bangalore, Karnataka. The sale will be conducted on a
going concern basis.
| Sandhar Technologies Limited: Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202412 | 202312 | Var.(%) | 202412 | 202312 | Var.(%) | 202403 | 202303 | Var.(%) |
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| Net Sales (including other operating income) | 973.69 | 889.52 | 9.46 | 2,870.42 | 2,603.27 | 10.26 | 3,521.11 | 2,908.91 | 21.05 | | OPM (%) | 9.75 | 9.96 | -21 bps | 9.74 | 9.32 | 42 bps | 9.67 | 8.56 | 111 bps | | OP | 94.96 | 88.61 | 7.17 | 279.45 | 242.56 | 15.21 | 340.61 | 249.09 | 36.74 | | Other Inc. | 0.75 | 2.27 | -66.96 | 11.22 | 8.34 | 34.53 | 10.79 | 12.49 | -13.61 | | PBIDT | 95.71 | 90.88 | 5.31 | 290.67 | 250.90 | 15.85 | 351.40 | 261.58 | 34.34 | | Interest | 13.91 | 13.13 | 5.94 | 41.97 | 37.15 | 12.97 | 51.52 | 35.78 | 43.99 | | PBDT | 81.80 | 77.75 | 5.21 | 248.70 | 213.75 | 16.35 | 299.88 | 225.80 | 32.81 | | Depreciation | 43.72 | 39.71 | 10.10 | 126.68 | 111.5 | 13.61 | 153.62 | 121.52 | 26.42 | | PBT | 38.08 | 38.04 | 0.11 | 122.02 | 102.25 | 19.33 | 146.26 | 104.28 | 40.26 | | Share of Profit/(Loss) from Associates | 3.77 | 0.63 | 498.41 | 7.02 | 1.54 | 355.84 | 3.95 | -2.81 | LP | | PBT before EO | 41.85 | 38.67 | 8.22 | 129.04 | 103.79 | 24.33 | 150.21 | 101.47 | 48.03 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | -1.1 | - | | PBT after EO | 41.85 | 38.67 | 8.22 | 129.04 | 103.79 | 24.33 | 150.21 | 100.37 | 49.66 | | Taxation | 11.9 | 13.3 | -10.53 | 30.01 | 29.4 | 2.07 | 39.95 | 26.81 | 49.01 | | PAT | 29.95 | 25.37 | 18.05 | 99.03 | 74.39 | 33.12 | 110.26 | 73.56 | 49.89 | | Minority Interest (MI) | 0 | 0.14 | - | 0 | 0.48 | - | 0.48 | 0.59 | -18.64 | | Net profit | 29.95 | 25.23 | 18.71 | 99.03 | 73.91 | 33.99 | 109.78 | 72.97 | 50.45 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 29.95 | 25.23 | 18.71 | 99.03 | 73.91 | 33.99 | 109.78 | 72.97 | 50.45 | | EPS (Rs)* | 4.98 | 4.19 | 18.71 | 16.45 | 12.28 | 33.99 | 18.24 | 12.26 | 48.79 | | | * EPS is on current equity of Rs 60.19 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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| Sandhar Technologies Limited : Consolidated Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
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| % of (Total) | 202412 | 202312 | Var.(%) | % of (Total) | 202412 | 202312 | Var.(%) | % of (Total) | 202403 | 202303 | Var.(%) |
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| Sales | | India | 89.01 | 866.66 | 780.07 | 11.10 | 88.16 | 2,530.61 | 2,234.61 | 13.25 | 86.14 | 3,033.17 | 2,476.02 | 22.50 | | Overseas | 10.99 | 107.03 | 109.45 | -2.21 | 11.84 | 339.81 | 368.66 | -7.83 | 13.86 | 487.93 | 432.89 | 12.72 | | Total Reported Sales | 100.00 | 973.69 | 889.52 | 9.46 | 100.00 | 2,870.42 | 2,603.27 | 10.26 | 100.00 | 3,521.11 | 2,908.91 | 21.05 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 973.69 | 889.52 | 9.46 | 100.00 | 2,870.42 | 2,603.27 | 10.26 | 100.00 | 3,521.11 | 2,908.91 | 21.05 | | PBIT | | India | 106.49 | 59.38 | 48.75 | 21.80 | 97.44 | 166.63 | 123.44 | 34.99 | 88.39 | 178.30 | 121.54 | 46.70 | | Overseas | -6.49 | -3.62 | 3.05 | PL | 2.56 | 4.38 | 17.51 | -75.00 | 11.61 | 23.43 | 15.71 | 49.13 | | Total PBIT | 100.00 | 55.76 | 51.79 | 7.65 | 100.00 | 171.01 | 140.95 | 21.32 | 100.00 | 201.72 | 137.25 | 46.98 | | Less : Interest | | 13.91 | 13.13 | 5.95 | | 41.97 | 37.15 | 12.96 | | 51.52 | 35.78 | 43.99 | | Add: Other un-allcoable | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | 0.00 | -1.10 | - | | PBIT Margin(%) | | India | | 6.85 | 6.25 | 60.19 | | 6.58 | 5.52 | 106.06 | | 5.88 | 4.91 | 96.96 | | Overseas | | -3.38 | 2.78 | -616.51 | | 1.29 | 4.75 | -346.23 | | 4.80 | 3.63 | 117.25 | | PBT | 100.00 | 41.85 | 38.67 | 8.23 | 100.00 | 129.04 | 103.80 | 24.32 | 100.00 | 150.21 | 100.36 | 49.66 |
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