Suprajit Engineering Limited — Updates, 11-11-2024: Press Release

Suprajit Engineering has provided a business update detailing its financial results for the half-year and quarter ending September 2024. Consolidated operating revenue increased by 8.62% year-over-year to ₹15,082.88 million, while EBITDA rose by 27.62% to ₹1,839.82 million, reflecting strong operational performance. Standalone revenue and EBITDA demonstrated impressive growth of 15.06% and 17.51%, respectively.

In division-specific updates, the Suprajit Controls Division saw operating revenue growth of 2.91%, with a substantial 56.60% increase in EBITDA. The Domestic Cable Division reported a 13.84% rise in revenue, maintaining strong margins. The Electronics Division achieved a remarkable 79.32% revenue growth, indicating robust demand.

The acquisition of Stahlschmidt Cable Systems (SCS) led to an operating revenue of ₹601 million but incurred a significant EBITDA loss of ₹101 million, attributed to restructuring and operational challenges. Despite headwinds in the automotive sector and geopolitical uncertainties, the company is positioned for continued growth, bolstered by new contracts and strategic initiatives. Investors should monitor the impact of restructuring activities and SCS integration on forthcoming results, as they could influence overall performance positively in the longer term.