FY23 Annual Result Announced for Sansera Engineering Ltd.
Auto Parts & Equipment company Sansera Engineering announced FY23 results: Highest ever annual total income of Rs 23.6 billion in FY23, up 18% YoY Healthy growth momentum throughout the year. Domestic business continues to remain healthy and on the international side, Signs of recovery are visible for both exports as well as our Swedish subsidiary Cashflow From Operations stood at Rs 2,564 million (FY23) As of Mar-23, our order book with annual peak revenues stood at Rs 13.3 billion after removing orders that moved to mass production in FY23 On the debt front, our net debt stood at Rs 6,505 million (Mar-23) Commenced construction of new Aluminum forged and machining parts facility at plant 11, Bidadi The Board of Directors has recommended a dividend of 125% of the face value of Rs 2.50 per equity share for FY23 Commenting on the performance B R Preetham Group CEO, Sansera Engineering said, “I am pleased to share that we finished another year with our best-ever performance with a topline of Rs 23,561 million and 16.8% EBITDA. The momentum is expected to continue as we start the current fiscal year with a solid order book for Rs 13,279 million. On the strategic front, we agreed to invest in MMRFIC, which reinforces our diversification plan. It enables us to enter the high-tech arena and have access to a competent R&D; and engineering staff capable of addressing our priority market segment, defence, and aerospace. Based on recent trends that are emerging, we have realigned our vision and raised our long-term sales contribution targets from xEV and tech agnostic products from 15% to 20%. Over long term, we are targeting 60% sales contribution from auto ice, while 20% each coming from non-auto and xEV & tech agnostic portfolio. Going ahead, we expect an even better FY24 as our end markets, both auto and nonauto, are showing signs of strong growth in India and overseas.” Result PDF23-05-2023