Quant Analysis: Suprajit Engineering - Earnings beat due to higher other income

# Results are not comparable due to Phoenix lamps (PHLL IN)/ Wescon Controls (WC) acqns. Cons revenues/PAT grew 7%/76% y-y to Rs 2.8bn / Rs 352mn (quant:Rs2.9bn/Rs240mn). PAT was above forecast primarily due to higher other income.

# Standalone (Cables) revenues grew 14% y-y to Rs 1.7bn, broadly inline with estimates. EBITDA margin rose 50bp q-q to 17.4% (quant: 17.7%), below estimates due to higher RM/ sales.

For detailed analysis please see attached company report...

Quant_Analysis_Nov_2016698.8 KB