SINTERCOM announces results for the Year ended 31st March 2018
Pune, April 20, 2018: Sintercom India Ltd. one of the leading automotive sintered components manufacturers, today declared its financial results for the year ended March 31, 2018.
Standalone Audited Financials (FY18 performance overview compared with FY17)
Total Income stood at Rs. 74.56 crore for FY18, as compared to Rs. 65.34 crore in FY17. Sintercom’s Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in FY18 stood at Rs. 17.68 crore, as compared to Rs. 13.11 crore in FY17. The company’s EBITDA margin for FY18 stood at 23.7%, as compared to 20.1% in FY17.
The company reported Net Profit of Rs. 5.45 crore for FY18, as compared to Rs. 1.27 crore in the previous financial year.
Commenting on the financial performance of the company Mr. Jignesh Raval, Member of Board & Managing Director, Sintercom India Limited, said “We are delighted to post a strong set of Annual numbers. The annual results reflect the incremental focus on higher margin businesses and bottomline increase backed by the strong industry growth in the auto sector which is growing close to 8%. The strong EBITDA and PAT show the focus of the company on it business values and this will help company to grow in future and create merits for the stakeholders. “
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