Arvind Joshi Of Sandhar Technologies about Q3 Earnings
Arvind Joshi Of Sandhar Technologies shares some views about company Q3 earnings.
The first nine months in the decline of 12% in the revenue this quarter itself. Is there any hope for recovery, are you seeing something in the fourth quarter?
The auto industry already bottomed out that’s what we get to share and that’s what we are getting fillers from the OEMs. Moreover, we are likely to see the numbers same direction at the moment which is downward, so far we are expecting a similar decline of about 12 to 13% on an overall basis.
However, what heartening fact that the infra sector push already started taking place. It was almost 13% of our revenue comes in the info factor. This sector done extremely well in 2019 and we registered almost 40% growth so by next fiscal year the infra sector moving much faster than the auto sector.
Along with that, we also would like to see the two-wheelers which bring 60% of our revenue moving up the ladder and the registering growth I would be skeptical with regard to the passenger car segment. But certainly, two-wheelers appears to be very promising the BS6 transition.
The OEMs you deal with all completely moved? How it will impact your business and will it continue for the first quarter of next year?
It’s only going to be moving much faster than we expected earlier. We were hoping the BS4 transition would move up the March-end. However, BS6 already launches by several OEMs and this is a good way of sizing up the market and sensitizing the consumer with regard to prise part of it.
We believe the Q1 should start seeing the uptick in terms of the volume at the consumer level. The pricing, ownership of vehicles is certainly cause of concerns and we actually hope the GST rate cut would happen, since it not happen I think people are now able to digest the new launches are coming up.
Moreover, we should be in a position to see that Q2 of next fiscal year gives the best results, Q1 would be slightly lower what is in dissipated.
Besides, the share of Sandhar Technologies trading with a loss of 4.55 points reached 280.00 INR with 1.60% down in NSE, whereas in BSE it trading with a loss of 0.25 points reached 280.25 INR with 0.089% down.