Sandhar Technologies
Few takeaways from Q1 concall
📢 RM cost impacted margins by 3.8% on standalone basis & 6.8% on consolidated basis. It has started stabilizing.
📢 Out of ₹ 549 Cr capex on 8 new projects ₹ 250 Cr already spent. ₹ 300 Cr will be spent in this financial

📢 Rev of ₹ 2000 Cr expected from planned capex. Asset turnover of 4X expected.
📢 JV loss at ₹ 2-2.5 Cr this Quarter. 60% of JV already turned around.
📢 Spain subsidiary showed muted performance as Gas prices have gone up 8X & Energy prices up by 4-6X.

📢 Existing Capacity can generate rev of around ₹ 4000 Cr. Capacity utilisation at current level around 60%
📢 Management expecting double digit margins as commodity prices starting to cool off.

📢 4 Wheeler segment underperformed due to sales drop in Japanese OEMs including Honda due to diversion of semiconductors to some of their other global facilities.
@suru27 @Shubham_TLI