Categories Automobile, Earnings

Suprajit Engineering Ltd Q4FY23 results out, revenue grows by 38%

Suprajit Engineering promoted by Mr Ajith Kumar Rai, started as a single-product (cables) to TVS Motor in 1985. Over the years, Suprajit has emerged as the largest supplier (market share of ~65%) of mechanical cables to the domestic 2W and passenger vehicle (PV) market with rising revenue share from aftermarket and exports.

  • Suprajit Engineering Ltd reported Total revenue for Q4 FY23 of ₹699 Crore, up from ₹506 Crore year on year depicting a growth of 38%.
  • Total Expenses for Q4 FY23 of ₹612 Crore up, from ₹429 Crore year on year, a growth of 43%. 
  • Consolidated Net Profit of ₹41 Crore, down 16% from ₹49 Crore in the same quarter of the previous year. The
  • Earnings per Share is ₹2.96, down 16% from ₹3.51 in the same quarter of the previous year.

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