Channel Breakout with Q1FY23 Results

TA:
Breakout the Parallel channel with Gap up

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