Sintercom Announces Results for the Year Ended 31st March 2018

PUNE, India, April 23, 2018 /PRNewswire/ --

Sintercom India Ltd., one of the leading automotive sintered components manufacturer, today declared its financial results for the year ended March 31, 2018.

• Revenues for year ended March 31, 2018 is Rs 74.56 crore   
• EBITDA is Rs. 17.68 crore as against Rs. 13.11 crore last year, up by 34.8%   
• PAT is Rs. 5.45 crore as against Rs. 1.27 crore last year, up by 330.8%   

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 bottom-line 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 its business values and this will help the company to grow in future and create merits for the stakeholders."

About Sintercom India Limited

Sintercom India Ltd. (NSE EMERGE: SINTERCOM) is one of the leading automotive sintered components manufacturer located in Pune, India. The company specializes in manufacturing medium to high density sintered components for automotive engine, powertrain and exhaust systems as well as sensor components for esteemed customers. The company's product portfolio includes drivetrain gears, engine sprockets, pulleys, crankshaft bearing journals, transmission gears and synchro hubs as well as ABS rings and Sensor Hego bosses and flanges.

Sintercom provides their esteemed customers with high value proposition of high volume, high precision and low cost components, tailored to their specific requirements. This is ensured by leveraging integrated manufacturing facility adhering to rigorous quality standards, equally supported by dedicated engineering and development centre and in-house well-equipped quality lab.

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