Suprajit Engineering Limited (NSE: SUPRAJIT) reported robust consolidated performance for Q3 FY26, outpacing industry growth despite global headwinds. The company declared a 150% interim dividend, up from 125% last year.
Consolidated Financials
Consolidated revenue excluding SCS entities reached ₹8,589 million in Q3 FY26, marking 9.8% year-over-year growth, while EBITDA stood at ₹1,119 million with a 13.0% margin.
For the nine months ended December 2025, revenue grew 7.6% to ₹24,642 million and EBITDA rose 10.7% to ₹3,271 million, with margins expanding to 13.3%.
Standalone figures showed Q3 revenue at ₹4,941 million (up 8.3%) and EBITDA at ₹893 million (up 9.6%, 18.1% margin).
Group debt increased to ₹7,233 million by December 2025 from ₹6,571 million in March 2025, driven by higher short-term borrowings. Investments in mutual funds and bonds declined slightly to ₹2,064 million.
Suprajit Controls Division (SCD) Highlights
SCD, excluding SCS, posted Q3 operational revenue of ₹3,743 million, a 13.7% increase, fueled by new program launches. EBITDA fell 10.5% to ₹348 million (9.3% margin) due to exceptional costs from Juarez closure, relocation to Matamoros, and tariff timing delays. Nine-month revenue grew 8.8% to ₹11,126 million, with EBITDA up 26.9% to ₹1,212 million (10.9% margin).
The division earned the Ford Q1 Award at Matamoros for quality and service, ramped up supplies to a major Chinese EV OEM, and maintained a strong order book in SAL and SEU.
Domestic Cable Division (DCD) Highlights
DCD revenue rose 9.1% to ₹3,448 million in Q3, aligning with India’s 9.3% automotive growth, while EBITDA increased 6.2% to ₹601 million (17.4% margin). Aftermarket sales were strong, and beyond-cable projects gained traction; Chakan and Pantnagar plants received TPM Excellence awards. Over nine months, revenue hit ₹9,597 million (up 9.1%), with EBITDA at ₹1,582 million (16.5% margin).
Phoenix Lamps Division (PLD) Highlights
PLD faced headwinds, with Q3 revenue down 3.8% to ₹981 million due to reduced Middle East exports and muted Indian aftermarket from counterfeits and cheap imports. EBITDA dropped 12.1% to ₹124 million (12.6% margin). Nine-month revenue declined 4.7% to ₹2,786 million, EBITDA fell 19.2% to ₹354 million (12.7% margin). Special purpose machine projects are gaining momentum.
Suprajit Electronics Division (SED) Highlights
SED delivered standout results, with Q3 revenue surging 19.8% to ₹418 million and EBITDA skyrocketing 161.1% to ₹47 million (11.2% margin). New order wins bolstered the pipeline, despite memory chip shortage risks. Nine-month revenue grew 18% to ₹1,133 million, EBITDA rose 93.8% to ₹124 million (10.9% margin).
SCS Acquisition Update
The acquisition of Stahlschmidt Cable Systems (SCS) assets is complete, with Q3 FY26 revenue at ₹1,200 million and EBITDA loss narrowing to -₹21 million (-1.8% margin). This marks progress from prior quarters’ deeper losses, aided by tool room transfer to Morocco, Hungary warehouse ramp-up, and headcount optimization. Friedemann Faerber steps down as MD of Suprajit Germany effective March 31, 2026; Neil Collis will lead European operations. New business wins signal customer confidence, aligning with profitability goals.
Outlook and Strategic Moves
Suprajit outperformed India’s 9.3% nine-month automotive growth, with no global industry expansion. Restructuring advances, tariff resolutions boost new wins, and investments like €1 million in Blubrake Italy enhance ABS offerings. Suprajit Technology Center drives “beyond cable” innovations in actuation, clusters, and braking. The company eyes 5%-10% above-industry growth while sustaining double-digit margins.