Edelweiss Capital: Suprajit Engineering - In line show; outlook robust

Suprajit Engineering’s Q3FY17 consolidated EBITDA (including Phoenix Lamps - PHLL), at INR421mn, came in line with our estimate. Key highlights: 1) SEL to continue to outperform industry growth by 5-10% at consolidated level; Indian market growth to be in line with industry; 2) it became tier I supplier to Maruti Suzuki with a small order for speedo cable.

For detailed analysis please see attached company report...

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