Sansera Engineering Limited Reports Earnings Results for the First Quarter Ended June 30, 2022
August 05, 2022 at 01:59 pm
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Sansera Engineering Limited reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 5,307.43 million compared to INR 3,895.35 million a year ago. Revenue was INR 329.25 million compared to INR 3,951 million a year ago. Net income was INR 341.12 million compared to INR 186.67 million a year ago. Basic earnings per share from continuing operations was INR 6.52 compared to INR 3.63 a year ago. Diluted earnings per share from continuing operations was INR 6.34 compared to INR 3.5 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.