Home News NDR Auto Delivers Remarkable Financial Performance in FY23 with 86% Net Profit Growth

NDR Auto Delivers Remarkable Financial Performance in FY23 with 86% Net Profit Growth

by Our Corresspondent - May 30, 2023
NDR Auto Delivers Remarkable Financial Performance in FY23 with 86% Net Profit Growth, News, KonexioNetwork.com

The Company Has Recommend Dividend Of ₹ 5 Per Share & Announced 1:1 Bonus For Shareholders

Delhi: NDR Auto Component (NSE – NDRAUTO & BSE – 543214), engaged in the business of manufacturing seating solutions like frames and trims to four wheelers and two wheelers vehicles, has announced its audited Financial Results for the Q4 & FY23.

Consolidated Financials at a Glance:

Q4 FY23:

Particulars ( crore)

Q4 FY23

Q4 FY22

YoY Change

Total Income

133.05

81.05

64.14%

EBITDA

13.64

7.18

89.97%

EBITDA Margin (%)

10.25

8.86

140 Bps

Net Profit

9.85

6.29

56.60%

EPS ()

16.76

10.20

64.31%


FY23:

Particulars ( crore)

FY23

FY22

YoY Change

Total Income

399.10

240.25

66.12%

EBITDA

38.04

21.64

75.79%

EBITDA Margin (%)

9.53

9.01

52 Bps

Net Profit

28.20

15.17

85.89%

EPS ()

47.27

25.04

88.78%


Net Cashflow from Operations is at ₹ 48.18 Crores.

Commenting on the performance, Mr. Pranav Relan – Whole Time Director of NDR Auto Component said, “I am pleased to report that we have experienced robust growth in Q4FY23 and for the full year FY23. The strong demand from our clients has been instrumental in maintaining the upbeat momentum and significantly improving our revenues.

Our relentless focus on cost control has yielded positive results, leading to enhanced EBITDA and net profit. As a testament to our financial strength, we are recommending a dividend of ₹5 per share and a 1:1 bonus, showcasing our commitment to rewarding our shareholders.

We are highly optimistic about the future as we anticipate continued robust demand for automobiles. This positive outlook bodes well for our company's performance going forward.

The successful year of FY23 has laid a solid foundation for our continued growth and profitability. We are confident that we are well-poised to capitalize on the opportunities that lie ahead."