Sansera Engineering Limited has informed the Exchange regarding a press release dated February 07, 2022, titled "Earnings Call".
SA/VSERIA ideas@work
February 07, 2022
The National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G Bandra — Kurla Complex Mumbai 400051
The Department of Corporate Services BSE Limited, P.J. Towers, Dalal Street Mumbai 400001
Scrip Symbol: SANSERA
Scrip Code: 543358
Dear Sir/ Madam
Subject: Earning Release
Please find attached a copy of Earning Release on the unaudited financial results of the Company for the quarter and nine months’ ended on December 31, 2021.
The above announcements will also be made available on the website of our Company at www. sansera.in.
Kindly take the same in your record.
Thanking you,
for Sansera Engineering Limited
L Jax
ZA J>SEIN
|ANGALORE) 4 560 105 yy
y
Rajesh Kumar Modi Company Secretary and Compliance Officer M.No. F5176
Encls: a/a
SANSERA ENGINEERING LIMITED (Formerly Sansera Engineering Pvt Ltd) Reg Off: No. 143/A, Jigani Link Road, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309
E-mail id: info@sansera.in Website: www.sansera.in CIN: L34103KA1981PLC004542
Earnings Release
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SANSERA ENGINEERING LIMITED
Q3 & 9M FY22 Consolidated Results
Monday, 7 February, 2022, Bengaluru — Sansera Engineering Limited, known for developing complex and critical precision engineered components for the automotive and non-automotive sectors over multiple decades, today announced its unaudited Financial Results for the quarter and nine months ended December 315, 2021.
Consolidated Result Highlights
Particulars (Rs. in Min)
Q3FY22
Q3FY21
YoY
Q9MFY22
9MFY21
Total Revenue
4,868
5,006
-3%
14,237
10,764
EBITDA
759
1,043
-27%
2,491
1,908
EBITDA Margin
15.6%
20.8%
17.5%
17.7%
Profit After Tax
239
506
-53%
Profit After Tax Margin
4.9%
10.1%
945
6.6%
627
5.8%
YoY
32%
31%
51%
Sales Mix -
Q3FY22
By Geographies: India — 64%, Europe — 23%, USA - 9% and Other Foreign Countries — 4%
By End-Use Segments: Auto-ICE - 85%, Auto-Tech Agnostic & xEV - 6% and Non-auto - 9%
Sales Mix — IMFY22
By Geographies: India — 63%, Europe — 24%, USA — 10% and Other Foreign Countries — 3%
By End-Use Segments: Auto-ICE - 88%, Auto-Tech Agnostic & xEV - 6% and Non-auto - 11%
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Key Highlights
General Motors
30th annual,,
supplier
of the year
2021
Sansera has been selected to be a recipient of a 2021 “General Motors the General Motors’ 30th annual Supplier of the Year awards.
Overdrive Award” at
Sansera is receiving the Overdrive Award for Launch Excellence for development and support of 6.2L small block connecting rod for full size truck engines.
The award will be presented to the company in General Motors’ 30th Annual Supplier of the Year event to be held on 15/16-Mar-22 in Phoenix, Arizona.
Earnings Release
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Quarterly Operating Highlights
Despite multiple headwinds in the sector, Sansera performed better than the industry supported by new business
Sansera was able to pass on the increase in RM prices to domestic customers. However, gross margins had a decline of 3.4% primarily due to:
— Lag in price increase on domestic sales
— Decrease in other operating income
—
Slight squeeze in margins on international revenues due to higher RM prices
Drop in EBITDA was driven by fall increment and ESOP costs}, partially offset by lower other expenses
in gross profit, higher employee cost (salary
On debt front, our net debt stood close to Rs. 6,000 Min
The process of setting up a dedicated facility for hybrid and electric components within our existing Plant at Bengaluru has progressed as planned. A few lines are commissioned and mass production of these has began in Q4
Won orders with significant potential from reputed customers both domestically and globally. Key orders wins include:
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Orders for xEV for 2W and PV application
Suspension parts (Stem Comp Steering) order from the Indian subsidiary of a Japanese Suspension system manufacturer
Aluminum Parts order from a European Premium 2W manufacturer
Defence sector order for critical forged and machined parts
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Tied-up for 30 Min units of renewable energy for our Bengaluru plants from FY23
Commenting on the performance Mr. B R Preetham Group CEO, Sansera Engineering Limited said, “The economic disruptions of the pandemic, and more recently, the severity of the semiconductor shortage, rising commodity prices, and supply chain issues have been causing pressure on the Automakers as well as Aufo Component manufacturers. Despite multiple headwinds in the sector, Sansera delivered revenues of Rs. 4,868 Min and an EBITDA margin of 15.6% during the quarter.
The situation is improving gradually, and we are observing sign of recovery across the segments led by pent up demand and relaxation of lockdown restrictions. The medium- term outlook for Automotive sector remains positive despite near-term challenges of COVID-19 related disruptions and chips shortage. The passenger segment, both for 2W and 4W is expected to remain strong amid COVID-19, as preferred mode of personal transport by consumers. A sequential improvement in M&HCV sales is expected to in e-commerce, agriculture, infrastructure, and continue, driven by expected rise mining economic activities. EV market also continues to gain momentum and recent measures announced in the Budget {including battery swapping policy, creation of special mobility zones) will help enhance EV infrastructure and should propel the adoption of EVs in the country.
Diversification has been an integral part of Sansera’s journey since the very beginning and we endeavor to continue on this path by addressing select high growth business segments fo expand our customer base & addressable markeis and develop new business by leveraging current capabilities and with capex fungibility. Some of our etc., underscores our recent order wins in EVs, Suspension Parts, Aluminium parts, strength in these upcoming areas. We are optimistic with the response that we have received in the EV space. We have already secured business from traditional OEMs and the new age startups in the EV space.
Earnings Release
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We are committed to broaden our revenue base in the long-term with non-auto and technology agnostic components (including xEVs) contributing a much larger share of the revenue pie. In the long-term, the company is targeting an enhanced revenue base with Auto ICE contributing about 60%, Auto-Tech Agnostic & xEV contributing 15% and the remaining 25% being non-auio."
About Sansera Engineering Limited
Sansera Engineering Limited was incorporated in 1981. Sansera is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors. Within the automotive sector, we manufacture and supply a wide range of precision forged and machined components and assemblies, such as connecting rod, rocker arm, crankshaft, gear shifter fork, stem comp, and aluminium forged parts, which are transmission, suspension, braking, chassis and other systems for the 2-wheeler, passenger vehicle and commercial vehicle 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.
the non-automotive sector,
for engine,
verticals.
critical
Within
For more information about the Group and its businesses, please visit www.sansera.in
Safe Harbour Statement:
to
future
status,
events,
this document relating
Statements in or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to Update forward-looking statements to reflect actual results changed assumptions or other factors.
For more information please contact:
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Sansera Engineering Limited CIN No: L34103KA1981PLC004542 Mr. Rajesh Kumar Modi, Company Secretary & Compliance Officer Email id: rajesh.modi@sansera.in
SG A Strategic Growth Advisors
Strategic Growth Advisors Pvt Ltd. CIN No: U74140MH2010PTC204285
Shikha Puri / Akashi Modi
Email id: shikha.ouri@sgapl.net / akashi.modi@sgapl.net
Tel No: +91 98192 82743 / +91 96198 96128