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NDR Auto Components Limited — Earnings Release 2023
Nov 9, 2022
59373_rns_2022-11-09_e9c2aedc-4dc1-4e42-98b4-e5ed547d907e.pdf
Earnings Release
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NDR AUTO COMPONENTS LIMITED
Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015 CIN: L29304DL2019PLC347460 Website: www.ndrauto.com Email id : [email protected] Phone No. : 9643339870-74
09.11.2022
| BSE Limited Corporate Relationship Department PJ Towers, 25thFloor, Dalal Street, Mumbai – 400 001 ScripCode: 543214 |
National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G-Block Bandra Kurla Complex, Bandra (East), Mumbai – 400 051. TradingSymbol: NDRAUTO |
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SUB: GENERAL UPDATES FOR QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2022- EARNING RELEASE
Dear Sir/Madam,
Please find enclosed herewith earning release for Q2 i.e. September 30, 2022 of FY 2022-23.
Kindly take the same on your record.
Thanking You,
Yours Faithfully,
For NDR AUTO COMPONENTS LIMITED
Digitally signed by RAJAT RAJAT BHANDARI BHANDARI Date: 2022.11.09 18:07:46 +05'30' Rajat Bhandari Executive Director and Company Secretary DIN: 02154950
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Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi 110037 Tel.: +91 011-6654 4976
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NDR AUTO COMPONENTS LIMITED
NDR Auto Components Q2 FY23 Net Profit Up 159%, NPM improved 300bps…
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Consolidated Total Income for Q2 FY23 at ₹ 94.91 crores; a 71.94% YoY growth
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Consolidated EBITDA for Q2 FY23 at ₹ 10.04 crore; a 93.82% YoY growth
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Consolidated Net profit at ₹ 8.48 crore; a158.54% YoY growth
Delhi 09th November 2022 – NDR Auto Component (NSE – NDRAUTO & BSE – 543214) , engaged in the business of manufacturing seating solutions like frames and trims to four wheelers and two wheelers vehicles, has announced its unaudited Financial Results for the Q2 & H1 FY23.
Consolidated Financials at a Glance:
Q2FY23:
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Particulars (₹ crore) Q2 FY23 Q2 FY22 YoY Change
Total Revenues 94.91 55.20 71.94%
EBITDA 10.04 5.18 93.82%
EBITDA (%) 10.58 9.38 119.44 bps
PAT 8.48 3.28 158.54%
PAT (%) 8.93 5.94 299.28 bps
EPS (Rs) 14.15 5.48 158.21%
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H1FY23:
| Particulars (₹ crore) | H1 FY23 | H1 FY22 | YoY Change |
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| Total Revenues | 159.00 | 100.84 | 57.68% |
| EBITDA | 15.63 | 9.34 | 67.34% |
| EBITDA (%) | 9.83 | 9.26 | 56.80 bps |
| PAT | 12.60 | 5.65 | 123.01% |
| PAT (%) | 7.92 | 5.60 | 232.16 bps |
| EPS (Rs) | 20.96 | 9.45 | 121.80% |
Commenting on the performance, Mr. Pranav Relan – Whole Time Director of NDR Auto Component said, “Strong demand for automobiles has translated to supernormal performance for NDR Auto Components. Our quality product and strong clientele helped us perform better even in Q2 FY23 and we are confident to keep momentum upbeat in the coming period. Our Bengaluru plant commenced production in Q2 FY23 and we will see the benefits from the plant by end of the year.”
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About NDR Auto Components Limited:
NDR Auto Component Ltd (NACL), a flagship company of the Rohit Relan Group, was incorporated in March 2019 with a view to demerge the automobile seating business of Sharda Motor Industries Limited (SMIL). The Company is engaged in the business of manufacturing seating solutions like frames and trims to four wheelers and two wheelers vehicles.
The management and the senior leadership team of the group have more than three decades of handson experience and expertise in this domain. The Company is supplying seating arrangements to Relan Group Company - Bharat Seats who is key supplier to the leading companies like Maruti Suzuki India Ltd, Suzuki Motorcycles, Toyota Boshoku, and Bellsonica.
For FY22, the Company’s consolidated total income was at ₹ 240.25 crore and net profit at ₹ 14.89 crore.
DISCLAIMER:
Certain statements that may be made or discussed at the conference call may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and abroad. Actual results might differ substantially from those expressed or implied. NDR Auto Components Limited and its Management will not be in any way responsible for any action taken based on such statements and discussions. NDR Auto Components also undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
For further information please contact corporate communication advisor:
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Sunil Mudgal – Director [email protected] M – 9869275849
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