Sansera Engineering Q1 Review - Customer Additions, Increasing EV Proportion: Anand Rathi


BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Sansera Engineering Ltd.’s Q1 FY23 revenue grew 36% YoY, but QoQ declined 8%, to Rs 5.3 billion, primarily on weak export sentiment.

Segmentally, auto internal combustion engine declined 11% QoQ to Rs 4.2 billion, tech-agnostic and xEV grew 39% QoQ to Rs 478 million and non-auto declined 8% QoQ to Rs 584 million.

In passenger vehicles, it recently added Tata Motors Ltd. and Force Motors Ltd., and supplies of connecting rods are expected to commence soon for electric two-wheelers it added original equipment manufacturers such as Ather and Ultraviolet and SOPs are expected in Q2 FY23.

The share of tech-agnostic and xEV rose to 9% (from 6% the last quarter). For the USA, Sansera plans to set up a plant in the near term to cater to demand from other active customers despite the recent order cancelation.

Click on the attachment to read the full report:


This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.


Image and article originally from Read the original article here.