Sansera Engineering (SANSERA) Q1 24/25 earnings summary

Executive summary

• Q1 FY25 revenue reached INR 7,439 million, up 13% year-over-year, with EBITDA at INR 1,275 million and stable margins at 17%, and record performance in India, especially in the two-wheeler segment.

• Emerging segments (non-auto, tech-agnostic, XEV) grew 34% year-over-year, now contributing 28% of total revenue.

• Order book for new business reached INR 16.9 billion as of June 2024, supporting long-term expansion plans.

• Board approved unaudited standalone and consolidated financial results for Q1 FY25, with statutory auditors issuing unmodified review reports.

Financial highlights

• Gross margin improved from 39.9% to 41.8% year-over-year, with EBITDA margin at 17.1% and PAT for the quarter at INR 501 million.

• Standalone revenue from operations was INR 6,814.88 million, consolidated revenue INR 7,439.33 million; standalone net profit INR 502.81 million, consolidated net profit INR 501.43 million.

• Net debt as of June 2024 was INR 7,718 million.

• Employee expenses increased due to annual salary hikes; international freight costs rose from logistics issues.

Outlook and guidance

• Management remains cautiously optimistic for FY25, maintaining a growth outlook despite international market concerns.

• CapEx of INR 4,500 million planned for FY25 to support order book and expansion.

• Board recommended a final dividend of INR 3 per equity share for FY24, subject to shareholder approval.

• Non-auto, tech-agnostic, and XEV segments expected to grow at 40-50% CAGR over the next 2-3 years.