FA: Key highlights for Q1FY23 ended June 30, 2022 • Revenues grew by 40.43% YoY to Rs. 99.94 crore, on account of robust volume growth over last year and higher realization on consolidated basis • Shunt Resistors comprised 48.63% of total revenues and grew by 34.24% YoY • Thermostatic bimetal/trimetal strips comprised 49.09% of total revenues and grew by 44.08% YoY • Operating Margin stood at 26.51% increasing by 303 bps YoY, led by higher operating leverage and increased sales volume • PAT grew by 53.07% YoY to reach Rs. 17.11 crore, driven by high growth in revenue from operations and product mix • Rating has been upgraded from “CRISIL A-/Stable” to “CRISIL A /Stable” dated May 31, 2022.
All business segments witnessed secular solid growth in double digits: thermostatic bimetal/trimetal strips grew by 44.08% YoY to reach Rs. 49.06 crore and grew sequentially by 9.76% QoQ; while shunt resistors grew by 34.24% YoY to reach Rs. 48.60 crore and