Sandhar Technologies Q4 Review - Firing On All Cylinders, Tempting Valuation: Dolat Capital
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Dolat Capital Report
Sandhar Technologies Ltd. printed impressive performance in Q4 with 14/38% QoQ growth in Ebitda and profit after tax respectively.
Despite raw material headwinds, Ebitda margin improved 57 basis points QoQ to 12.1% led by better mix, strong operating leverage and cost control measures.
Consolidated revenue grew 8% QoQ 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.
The company also expect strong revenue growth (up 40% YoY) from Honda car which is a high margin business.
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