Sandhar Technologies reports a 47.44% year-over-year increase in profit for Q4.

Sandhar Technologies, a leading company in the automotive industry, recently announced their impressive Q4 results for the fiscal year 2024. The company reported a significant increase in both revenue and profit, showcasing their strong performance in the market.

In comparison to the previous quarter, Sandhar Technologies saw a 3.18% growth in revenue and a remarkable 42.17% increase in profit. This growth trajectory is a testament to the company’s strategic initiatives and operational efficiency.

Despite a rise in selling, general, and administrative expenses by 5.65% quarter-on-quarter and 26.3% year-on-year, Sandhar Technologies managed to boost their operating income by 14.4% quarter-on-quarter and an impressive 59.96% year-on-year.

The company’s earnings per share (EPS) for Q4 stood at ₹5.96, marking a substantial 49.03% increase year-on-year. Investors and analysts have taken note of Sandhar Technologies’ performance, with the company delivering a 8.93% return in the last week, 6.32% return in the last 6 months, and 11.27% year-to-date return.

As of May 26, 2024, out of the 1 analysts covering the company, 1 analyst has given a Strong Buy rating, reflecting confidence in Sandhar Technologies’ future prospects. The consensus recommendation as of the same date was also to Strong Buy.

With a market cap of ₹3303.27 Cr and a 52-week high/low of ₹590 and ₹228.2 respectively, Sandhar Technologies continues to be a key player in the industry. Investors and stakeholders can stay updated on the company’s quarterly results through their results calendar, ensuring they are informed about the latest developments in the market.