Sazgar Engineering Q1 profit down 54% as car volumes drop
Net sales rose 23 percent to Rs41.71 billion, yet Sazgar Engineering profit fell on thinner margins, lower four-wheeler volumes, and a smaller interim dividend.
Profit for 1QFY27 was Rs4.04 billion, down 9% year on year and 54% quarter on quarter; EPS was Rs66.77.
Net sales rose 23% year on year to Rs41.71 billion but fell 45% from the previous quarter on lower volumes.
Gross margin narrowed to 20% from 25%, linked to higher GST on hybrid and plug-in hybrid vehicles.
An interim cash dividend of Rs5 per share was announced, a 7% payout versus 21% a year earlier.
Four-wheeler sales fell to 3,137 units while three-wheeler sales rose to 7,735 units.