By K Ashwin Mobile: 09920183006 Email: email@example.com
SINTERCOM India Limited, a leading automotive sintered components manufacturer, has announced its financial results for the full year ended March 31, 2019.
For the year ended March 31, 2019:
Revenue from operations for the year ended March 31, 2019 stood at Rs. 82.73 crore as compared to Rs. 74.29 crore in FY18; a growth of 11.36% (y-o-y). Earnings before interest, tax, depreciation and amortization (EBITDA) in FY19 stood at Rs. 17.95 crore as compared to Rs. 16.67 crore in FY18; an increase of 7.70 %
The company reported a marginal increase of 0.83% in PAT to Rs. 5.49 crore for FY19, as compared to Rs. 5.45 crore in the corresponding period of last fiscal.
Commenting on the performance, Mr. Jignesh Raval, Managing Director, SINTERCOM India Limited, said, “Despite the headwinds faced by the auto ancillary industry, Sintercom India Limited has been able to maintain revenue growth of 11.36% and EBITDA growth of 7.70% and has been consistent in maintaining PAT levels.” He further added the auto sector has been affected in Q4FY19 especially due to lower volumes and Sintercom is no exception to it. “Inspite of the challenging times, the Company has been able to maintain its PAT with nominal growth of about 0.83%.”