Sandhar Technologies Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 05:07 pm IST
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Sandhar Technologies Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 8,895.23 million compared to INR 7,225.55 million a year ago. Revenue was INR 8,917.97 million compared to INR 7,247.34 million a year ago. Net income was INR 252.26 million compared to INR 196.76 million a year ago. Basic earnings per share from continuing operations was INR 4.21 compared to INR 3.28 a year ago. Diluted earnings per share from continuing operations was INR 4.21 compared to INR 3.28 a year ago.
For the nine months, sales was INR 26,032.74 million compared to INR 21,439.37 million a year ago. Revenue was INR 26,116.19 million compared to INR 21,502.97 million a year ago. Net income was INR 739.14 million compared to INR 486.44 million a year ago. Basic earnings per share from continuing operations was INR 12.36 compared to INR 8.11 a year ago. Diluted earnings per share from continuing operations was INR 12.36 compared to INR 8.11 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.