Sandhar Technologies Q3 Results Review - Improving Margin Outlook: Dolat Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Sandhar Technologies Ltd.'s printed fiery performance in Q3. Consolidated revenue grew 23.1% YoY to Rs. 8.89 billion, along with garnering aspired double digit Ebitda margin at 10%, on the back of better capex and capacity utilisation.While gazing ahead, management continues to be bullish, with outperform industry growth and targets to sustain double-digit margin in near to medium term on the back of new business win and consolidation of plants.Revenue growth continue to be on strong footing with rise in two wheeler volume), and increasing business from TVS (biggest customer). The better product mix, ramp up of production from sheet metal plants, cost control measures and operating leverage will drive growth ahead.Moreover, development of new electric vehicle products (Motor controller, DC-DC converter) is in progress, which shall contribute to raising content per vehicle and wallet share..Click on the attachment to read the full report:.JSW Group To Set Up EV, EV Battery Plant In Odisha After MG Motor Deal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Sandhar Technologies Q3 Results Review - Improving Margin Outlook: Dolat Capital

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