Sandhar Technologies Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 25, 2023 at 04:55 am EDT
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Sandhar Technologies Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 7,649.71 million compared to INR 6,835.78 million a year ago. Revenue was INR 7,711.04 million compared to INR 6,854.95 million a year ago. Net income was INR 243.25 million compared to INR 174.96 million a year ago. Basic earnings per share from continuing operations was INR 4.11 compared to INR 3.24 a year ago. Diluted earnings per share from continuing operations was INR 4.11 compared to INR 3.24 a year ago.
For the full year, sales was INR 29,089.07 million compared to INR 23,237.02 million a year ago. Revenue was INR 29,214 million compared to INR 23,306.83 million a year ago. Net income was INR 729.69 million compared to INR 557.29 million a year ago. Basic earnings per share from continuing operations was INR 12.22 compared to INR 9.29 a year ago. Diluted earnings per share from continuing operations was INR 12.22 compared to INR 9.29 a year ago.
Sandhar Technologies Limited is an India-based global automotive manufacturer. The Company is engaged in the manufacturing and assembling of automotive components for the automotive industry, designing and manufacturing of molds, dies and dies parts, machine tools, jigs and fixtures and fabrication and assembly and construction, Agri-farm and railway products. Its product categories include automotive locking and security systems, automotive vision systems, stampings, operators cabins and structural parts, zinc die casting, aluminum die casting, magnesium die casting, automotive optoelectronics, polymers, painting, plating and coating, commercial tooling, helmets, assemblies, and fuel pumps, filters and wiper blades. The Company's products include automotive locks, door handles, switches, passive and remote keyless entry systems, GPRS based security systems, AVN panels, keyless entry systems, reverse park assist systems, blind spot detection, and tire pressure monitoring systems.