Suprajit Engineering clocks record Quarterly performance

Please see attachment for details, the following is just a summary:

Results Update:
Suprajit reported best quarterly performance in the history of the Company. There was robust growth in PBT, EBIDTA and sales both on a Quarter on Quarter basis as well as year on year.

Subsidiaries performed well for the 9 months, adding to the profitability on a consolidated

Aftermarket and non-automotive exports business clocked robust growths of 35% and 45%

Considering the robust performance of the period, the Board of Directors have
recommended an increased interim dividend of 45%(Rs. 0.45/share of Re. 1/-), as against
35% last year.

CAPEX Update:

Suprajit announces multiple capex plans including two new cable plants in Narsapura Industrial area, Karnataka and in Vallam-Vadagal Industrial Park, Tamilnadu.

Suprajit also anounces significant capacity expansion at the existing Pathredi plant, Rajasthan. Complete renovation and refurbishing of an existing plant in Bommasandra, Bangalore to
relocate the aftermarket manufacturing facility to meet increased demand. Additional equipments to add capacity at its 100% owned subsidiary, Suprajit Automotive.

Reappointment of Chairman and Managing Director:
The Board of Directors have reappointed Mr.K Ajith Kumar Rai, as Chairman and Managing
Director for a 5-year term. The Remuneration Committee, which met to discuss the
reappointment and remuneration, recommended a reduced remuneration cap on commission
of 4% as against the current cap of 5%, with a revised salary structure. This was approved by
the Board.

Anouncements from Suprajit

Please find attached financial results and business updates on un-audited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended December 31, 2023.

Please find an invitation for Q3 FY24 Results conference call to be held on Thursday, February 15, 2024 at 11:00 a.m IST.

In compliance with the Securities & Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, it is hereby informed that the Trading Window of the Company will remain closed…

Please find attached the Chairman’s Mid-Year Letter (2023-24)

Suprajit is pleased to inform you that an outright purchase of industrial property with land measuring 1,75,000 sq.ft along with buildings measuring 70,000 sq.ft located at Jigani Industrial Area. Jigani…

Call Recording of Q2 FY24 Result Conference Call Hosted by Anand Rathi

Suprajit in the News / Media

Since Inauguration in Q1 Suprajit Electronics Division (SED) has already reached revenue run rate of Rs. 100 Mn per month with Rs. 5 Bn p.a from electronics business in near…

Strong growth in Electronics division driven by increased deliveries for EV/ICE vehicles Suprajit’s consolidated revenue stood at INR 7,242 Mn in Q3FY24, below our estimate of INR 8,211 Mn registering…

We expect 12% revenue CAGR for SEL over FY23–25E, led by all-round growth across business segments and an incremental ₹8.7 bn from LDC revenue. Auto Cable business is expected to…

Please find attached the copy of Newspaper Advertisement published by the Company in‘Business Standard’, English Newspaper and ‘Sanjevani’, Kannada Newspaper.

Find below attached copies of the Newspaper Advertisement published by the company in “Financial Express”, English Newspaper and “Sanjevani”, Kannada Newspaper, with respect to Financial Results for the quarter ended…

Find below attached copies of the Newspaper Advertisement published by the company in “Business Standards”, English Newspaper and “Sanjevani”, Kannada Newspaper, with respect to Financial Results for the quarter and…

We forecast revenue CAGR of 25% over FY22-25E We forecast 28% EPS CAGR over FY22-25E for Suprajit We initiate coverage with a BUY recommendation and Sep-23E TP of Rs440 Consistent…

Notice is hereby given that the 37th (Thirty Seventh) Annual General Meeting (AGM) of the Members of Suprajit Engineering Limited (“the Company”) will be held on Monday, September 26, 2022,…

We initiate coverage on Suprajit Engineering (SEL) with a BUY rating. SEL is one of the largest manufacturers of Automotive Control Cables and Halogen Lamps, supplying to domestic & international…

Translate »