Sansera Engineering Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 12, 2024 at 05:27 pm IST
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Sansera Engineering 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 7,126.38 million compared to INR 5,596.38 million a year ago. Revenue was INR 7,139.46 million compared to INR 5,639.53 million a year ago. Net income was INR 480.03 million compared to INR 310.39 million a year ago. Basic earnings per share from continuing operations was INR 8.99 compared to INR 5.9 a year ago. Diluted earnings per share from continuing operations was INR 8.89 compared to INR 5.8 a year ago.
For the nine months, sales was INR 20,655.87 million compared to INR 17,274.47 million a year ago. Revenue was INR 20,683.06 million compared to INR 17,330.69 million a year ago. Net income was INR 1,396.93 million compared to INR 1,110.52 million a year ago. Basic earnings per share from continuing operations was INR 26.24 compared to INR 21.1 a year ago. Diluted earnings per share from continuing operations was INR 25.89 compared to INR 20.64 a year ago.
Sansera Engineering Limited is an India-based engineering-led integrated manufacturer of complex and critical precision forged and machined components across the automotive and non-automotive sectors. In the automotive sector, the Company manufactures and supplies a wide range of precision forged and machined components and assemblies, such as connecting rod, rocker arm, crankshaft, gear shifter fork, stem comp, and aluminum forged parts, which are critical for engine, transmission, suspension, braking, chassis and other systems for the two-wheeler, passenger vehicle and commercial vehicle verticals. In the non-automotive sector, the Company manufactures and supplies a wide range of precision components for the aerospace, off-road, agriculture and other segments, including engineering and capital goods. Its subsidiaries include Fitwel Tools and Forgings Private Limited and Sansera Engineering Limited Mauritius.