Sandhar Technologies Q1 Review - Multiple Growth, Margin Levers Ahead: Dolat Capital
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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.
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