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Suprajit Engineering Ltd Q4FY24; 44% rise in Profits

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.

Financial Results:

Suprajit Engineering Ltd reported Revenues for Q4FY24 of ₹783.00 Crores up from ₹699.00 Crore year on year, a rise of 12.02%.

Total Expenses for Q4FY24 of ₹730.00 Crores up from ₹646.00 Crores year on year, a rise of 13.0%.

Consolidated Net Profit of ₹59.00 Crores up 43.9% from ₹41.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.27, up 44.26% from ₹2.96 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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