Talbros Automotive Components Limited, announced its un-audited financial results for the quarter ended 30th June 2021. The company reported PAT of Rs10 crores in Q1FY22. Total Income from Operations stood at Rs.139 crores in Q1FY22, 175% growth compared to Rs51cr revenue in Q1FY21.
The company posted a reported EBITDA of Rs19cr in Q1FY22 as against Rs2cr in Q1FY21. EBITDA margin stood at 13.8% in Q1FY22.
The stock ended at Rs307.10 down by Rs11.8 or 3.7% from its previous closing of Rs318.90 on the BSE.
Commenting on the performance Mr. Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said, “I am pleased to announce revenue of Rs. 139 crores during Q1FY22 with EBITDA margin of 14% and reported profit after tax of Rs. 10 crores with 7% PAT margin. Despite the impact of 2nd wave of Covid-19 and drastic jump in commodity prices, we achieved such results. This growth is driven by execution of multi-year orders received last year. We are strategically expanding our footprints in export market and progressing well from 25% of exports in FY21 to 28% in Q1FY22. Our standalone Forgings business achieved 53% revenue from Exports out of total forgings revenue. We remain focused on our target to achieve 30% of export in the coming years. Our thrust to further improve our performance has led us to new business opportunities and markets. We have successfully started executing orders for EV parts by leveraging our capabilities. Our hedged portfolio positions us to continue driving sales growth over market, and in this difficult quarter it has helped us to maintain decent amount of revenue and earnings. We remain very excited about Talbros’s future, particularly given our systems and complete vehicle & technology know how approach.”
Export revenue contribution as % of total revenue stood at 28% during Q1FY22. Out of standalone Gasket revenue, 19% contributed by exports. Out of standalone Forgings revenue, 53% contributed by exports.
Business Update
• Will be supplying EV parts worth Rs. 25 crores to Indian and large global OEMs in FY22
• Successful implementation of heatshield lines with order confirmations from OEMs