Outcome of Court Convened Meeting - 24-SEP-2016

Suprajit Engineering (SEL) consol 3QFY18 EBITDA and PAT numbers were slightly below estimates. Net sales at Rs. 3.66bn (+18% YoY) led by 28% growth in cable business, offset by muted growth in Phoenix (+2% YoY) and Wescon business(+10% YoY). Consol EBITDA stood at Rs. 582mn (+18% YoY) with margin at 15.9 % (flat YoY, -75bps QoQ). Margin contracted 75bps sequentially led by margin pressure in cable business (-73bps YoY) and Wescon(-33 bps YoY), offset by 120bps margin improvement by Phoenix.

For detailed analysis please see attached company report...

HDFC_Securities_Feb_2018

Suprajit Engineering’s (SEL) consol 2QFY18 result was in-line with estimates. Net sales came in at Rs 3.36bn (+19%YoY), led by 8% growth in the standalone business, 7% growth in PLL’s business and incremental revenue of Rs 513mn from Wescon. Consol EBITDA was at Rs 560mn (+19.4% YoY), with margin at 16.6% (flat YoY, +238bps QoQ), led by expansion in margins in the standalone business (+100bps YoY).

For detailed analysis please see attached company report...

HDFC_Securities_Nov_2017

Suprajit Engineering’s (SEL) Q2FY18 consolidated EBITDA at INR560mn, up 20% YoY, came largely in line with our estimate. In the cables business, while the aftermarket business continued to be impacted by
GST, margin of the exports business improved as new orders were more profitable.

For detailed analysis please see attached company report...

Edelweiss_November_2017

Q2FY18 consolidated EBITDA was in line with our estimate. Aftermarket revenue (~20% of sales) remained subdued in the wake of GST implementation and the management expects recovery in H2. The next leg of growth is likely to be driven by (1) share gain in global non-auto cables; (2) increase in content supplied (CBS opportunity) to domestic OEMs; (3) recovery in aftermarket (both lamps and cables).

For detailed analysis please see attached company report...

Axis_Nov_2017