BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Sandhar Technologies Ltd. reported decent numbers in a tough quarter.
Ebitda margin contracted 454 basis points QoQ mainly attributed to negative operating leverage.
Despite weak Q1, the management has guided 30% revenue growth in FY22 led by strong growth in cabin and fabrication, sheet metal and aluminum die casting business.
For the vision and locking systems, the company is increasing presence in the scooter segment, winning new business and increasing content per vehicle.
Sandhar Technologies has received orders for mirrors for newly launched Royal Enfield Meteor and TVS Motor Company Ltd.
The company also expects strong revenue growth (up 35% YoY) from Honda cars.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR