Sandhar Technologies Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 09, 2023 at 01:44 pm IST
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Sandhar Technologies Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 8,848.46 million compared to INR 7,462.83 million a year ago. Revenue was INR 8,880.18 million compared to INR 7,508.08 million a year ago. Net income was INR 273 million compared to INR 162.78 million a year ago. Basic earnings per share from continuing operations was INR 4.58 compared to INR 2.72 a year ago. Diluted earnings per share from continuing operations was INR 4.58 compared to INR 2.72 a year ago.
For the six months, sales was INR 17,137.51 million compared to INR 14,213.81 million a year ago. Revenue was INR 17,198.23 million compared to INR 14,288.98 million a year ago. Net income was INR 486.88 million compared to INR 289.68 million a year ago. Basic earnings per share from continuing operations was INR 8.15 compared to INR 4.83 a year ago. Diluted earnings per share from continuing operations was INR 8.15 compared to INR 4.83 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.