Aeroflex Neu Limited

rs,

Bandra (E), Mumbai-400051. Scrip Code: SAH The Secretary, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001. Scrip code: 543743 Subject: Regulation 30 of Securities and Exchang

₹ 2,382.89 Lakh

inated Bags Moving forward. Achieving more. Q1 FY24 : Earnings Update Total Revenue reported at ₹ 2,382.89 Lakhs in Q1 FY24 EBITDA stands at ₹ 223.54 Lakhs in Q1 FY24 PAT at ₹ 61.11 Lakhs in Q1 FY24 Udaipur

₹ 223.54 Lakh

Q1 FY24 : Earnings Update Total Revenue reported at ₹ 2,382.89 Lakhs in Q1 FY24 EBITDA stands at ₹ 223.54 Lakhs in Q1 FY24 PAT at ₹ 61.11 Lakhs in Q1 FY24 Udaipur, 4th August 2023: Sah Polymers Limited (SAH)

₹ 61.11 Lakh

venue reported at ₹ 2,382.89 Lakhs in Q1 FY24 EBITDA stands at ₹ 223.54 Lakhs in Q1 FY24 PAT at ₹ 61.11 Lakhs in Q1 FY24 Udaipur, 4th August 2023: Sah Polymers Limited (SAH) announced in its board meeting he

3,960 MT

others. SAH’s manufacturing facility is located at Udaipur, Rajasthan with an installed capacity of 3,960 MT per annum. The Company has also started commercial production in a new manufacturing facility with

51.01%

o operates a Dealer Operated Polymer Warehouse (DOPW) of IOCL for their polymer division. SAH holds 51.01% in Fibcorp Polyweave Private Limited as its subsidiary company. SAH has domestic Presence across 8

7,920 MT

till FY23 - 54 Customers Total Customers added during the quarter - 10 Customers Total Capacity - 7,920 MTPA Utilized Capacity - 78% (Capacity utilisation on old capacity of 3,960 MTPA) New capacity commiss

78%

Customers added during the quarter - 10 Customers Total Capacity - 7,920 MTPA Utilized Capacity - 78% (Capacity utilisation on old capacity of 3,960 MTPA) New capacity commissioned in January 2023. A

68.35%

ic/Inorganic Growth Transactions Research & Development Revenue Split % Revenue from Exports : 68.35% % Revenue from Domestic : 31.65% Consolidated Financial Statement Highlights for Q1 FY24 v/s Q1 FY

31.65%

Research & Development Revenue Split % Revenue from Exports : 68.35% % Revenue from Domestic : 31.65% Consolidated Financial Statement Highlights for Q1 FY24 v/s Q1 FY23 Particulars (₹ in lakhs) Re

17.09%

T PAT Net PAT Margin % Diluted EPS Q1 FY24 Q4 FY23 QoQ (%) Q1 FY23 2329.2 53.69 1989.30 17.09% 2722.31 51.60 4.05% 36.68 2382.89 2040.90 16.76% 2758.99 223.54 204.94 9.08% 236.03

4.05%

Diluted EPS Q1 FY24 Q4 FY23 QoQ (%) Q1 FY23 2329.2 53.69 1989.30 17.09% 2722.31 51.60 4.05% 36.68 2382.89 2040.90 16.76% 2758.99 223.54 204.94 9.08% 236.03 9.38% 87.34 61.11 2.

About Sah Polymers Limited

1

Management Comments

1

Disclaimer

1

About Sah Polymers Limited

Incorporated in 1992, Sah Polymers Limited (SAH) is engaged in the manufacturing of packaging bags which find application in diverse industries including Agro Pesticides, Basic Drugs, Cement, Chemicals, Fertilizers, Food Products, Textile, Ceramic, Steel, among others. SAH’s manufacturing facility is located at Udaipur, Rajasthan with an installed capacity of 3,960 MT per annum. The Company has also started commercial production in a new manufacturing facility with a capacity of 3,960 MT per annum to manufacture new variants of FIBC bags on 25th January 2023. SAH’s product portfolio includes Flexible Intermediate Bulk Containers (FIBCs), Polypropylene (PP) / High Density Polyethylene (HDPE) bags, PP/HDPE Woven Fabric and other technical textile products of various weights, size and colours. SAH is a Del Credere Associate & Consignment Stockist of Indian Oil Corporation Limited (IOCL) and also operates a Dealer Operated Polymer Warehouse (DOPW) of IOCL for their polymer division. SAH ho

Management Comments

Commenting on the performance of Q1 for the quarter ended 30th June 2023 Mr. Murtaza Ali Moti (Whole-time Director) said: During the period we faced several challenges, primarily driven by a significant decrease & fluctuation in raw material prices across our industry. Since our selling price is significantly affected by the prices of raw material, the sharp decrease in raw material prices led to a significant decrease in our selling price which affected our profitability and margins. Despite the bulk packaging industry facing significant external challenges during the last quarter, the Company achieved a total revenue on a consolidated basis of ₹ 2,382.89 lakhs in Q1FY24 as compared to Rs 2,758.99 lakhs in Q1FY23. Our consolidated EBITDA stood at Rs 223.54 lakhs in Q1FY24 as compared to Rs 236.03 lakhs in Q1FY23. Our consolidated Profit After Tax (PAT) stood at Rs 61.11 lakhs in Q1FY24 as compared to Rs 125.12 lakhs in Q1FY23. The decrease in profit was due to an increase in depreciat

Disclaimer

Certain statements in this document may be forward looking statements. such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. sat industries limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. https://www.linkedin.com/company/sahpolymers/ https://sahpolymers.com/