Steady results from Sharda. 1.6% QoQ growth in revenues and 9.7% EBITDA margins, marginally less than 10.4% margin in the last quarter.
Interestingly, at consol level EPS has increased QoQ from 14.8 to 15.2 because the Eberspaecher JV has turned a profit for the first time (46 Lakhs PAT) in its existence. As per previous management commentary, this must mean that the JV has started hitting 50Cr+ quarterly revenue run rate. Good news!
| Subscribe To Our Free Newsletter |
