# Standalone (Cables) sales grew 16% y-y to Rs 1.4bn. Our forecast was at Rs 1.55bn,as we factored higher market share gains in domestic autos. EBITDA margin rose 150bp y-y…
Greater export demand pushed up Suprajit’s consolidated sales 77% yoy to Rs 2.74bn. The acquisition of a 62% controlling stake in Phoenix Lamps has resulted in robust (consol) growth. We…
Suprajit Engineering’s (SEL) consolidated 4QFY16 results, including Phoenix Lamps (PLL), were ahead of expectations. It reported a robust topline (5% QoQ) with growth in the 2W/4W OEM segments at SEL…
Suprajit Engineering’s (SEL) Q4FY16 consolidated EBIDTA (ex Phoenix Lamps (PHLL), acquired in June 2015) at INR367mn (up 43% YoY) was ~22% above estimate driven by revenue beat and contained expenses.…
Result Highlights # Suprajit’s 4Q is not comparable as Phoenix has been consolidated since 3Q while we do not have comparable numbers from the prior period. # Standalone revenues have…
Suprajit’s (SEL) Q4 consol. EBITDA was 10% higher than estimate with strong standalone revenue growth (18% YoY vs. 7% industry growth), continued gross margin expansion (pricing power in deflationary environment)…
Suprajit Engineering reported a strong 4QFY16 with consolidated adj. PAT at Rs.242mn, c.25% ahead of JMFe. The beat was driven by better-than-expected margin across both standalone and subsidiary operations. SEL…
Consolidated EBITDA was Rs.473 mn (+10% qoq) in 4QFY16, which was 18% ahead of our estimates driven by strong performance of Phoenix Lamps and other subsidiaries. Standalone performance was weaker…
Results are not comparable due to Phoenix lamps (PHLL IN) acquisition in Jun15. Cons revenues/PAT grew 77%/37% y-y to Rs2.7bn/Rs183mn (quant: Rs192 mn). PAT was below forecast due to lower…