Quarterly Anlysis: Sunil Hitech Engineers Limited
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Sunil Hitech Engineers Limited (SHEL) has declared subdued results for the quarter ended September 2008. The revenues were better than expectations; however profit growth was below expectations on account of higher input costs & escalation in interest costs.
Sunil Hitech Engineers has reported a YoY growth of 89% in its revenues from Rs 69.5 crore in Q2FY08 to Rs 131.1 crore in Q2FY09. However PAT growth was subdued at 31% from Rs 5.2 crore to Rs 6.9 crore during the same period. OPM margins which were down nearly 200 basis points at 14.4% resulted in the muted profit growth. Rising input costs during the period under review led to squeeze in margins.
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