Rs 1,694.30 crore order book: Back-to-back 52-week high in this small-cap auto stock as the company reports stellar quarterly results!

The stock is up by 14 per cent in 1 month and over 30 per cent in 6 months.

Sansera Engineering Ltd unveils stellar Quarterly Results and investor's presentation for the quarter ended June 30, 2023: Here's the breakdown:

Quarterly Results: The net sales increased by 24.02 per cent to Rs 660.07 crore, operating profit increased by 24.50 per cent to Rs 114.78 crore and net profit increased by 31.09 per cent to Rs 44.72 crore in Q1FY24 compared to Q1FY23.

Order Book Update: As of June 30, 2023, the company’s order book stands at Rs 1,694.30 crore (peak annual revenues for new business after removing orders that moved to mass production in FY23).

Annual Results: The net sales increased by 17.56 per cent to Rs 2,338.30 crore and the net profit increased by 12.47 per cent to Rs 148.34 crore in FY23 over FY22. The EPS for FY23 stood at Rs 27.62. Out of the total revenue in FY23, domestic is 72 per cent and international is 28 per cent.

On Wednesday, shares of Sansera Engineering Ltd surged 2.36 per cent to Rs 968.80 per share with an intraday high of Rs 994.35 and an intraday low of Rs 960. The stock also traded at a new 52-week high of Rs 994.35 per share with a spurt in volume by more than 4.20 times on BSE. In the recent trading sessions, the stock is hitting back-to-back 52-week highs.

Sansera Engineering Ltd manufactures iron and steel forging products. The company produces and distributes rocker arms, gear shifter forks, shafts, and crankshaft assemblies for the automotive and aerospace industries. The company has a market cap of over Rs 5,000 crore.

The stock is up by 14 per cent in 1 month and over 30 per cent in 6 months. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.