{"id":133315,"date":"2022-08-16T09:38:06","date_gmt":"2022-08-16T13:38:06","guid":{"rendered":"https:\/\/44.250.171.167\/?p=133315"},"modified":"2022-10-06T04:46:37","modified_gmt":"2022-10-06T08:46:37","slug":"suprajit-engineering-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/suprajit-engineering-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Suprajit Engineering Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/Lhq7P8OLsMA?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p><strong>Key highlights from Suprajit Engineering Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/SUPRAJIT\/\">SUPRAJIT<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Deepak Lalwani of Unifi Capital asked about the drivers of lower margin in the non-auto business. Ajith Kumar Chairman replied that it\u2019s a timing issue, and couple of one-off issues that have been added on. But in the longer term, it will be in line with the past.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Jain from Dolat Capital enquired how much benefit the company is seeing in margin as the steel prices go down. Ajith Kumar Chairman answered that once the material price is down, customers come back. SUPRAJIT believes it will be margin neutral.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Jain from Dolat Capital asked about sustainable margins in the core cable business. Ajith Kumar Chairman replied that it was more around 16% on the core cable business and it is sustainable going forward.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Jain from Dolat Capital asked if LDC margin will turn positive from 2Q23 onwards. Ajith Kumar Chairman answered that first two quarters will be EBITDA negative. Slowly in the following quarters, the company will recover back.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Jain from Dolat Capital enquired about the sharp rise in other income in 1Q23. Medappa Gowda CFO answered that it was due to the forex gains.<\/li>\n<\/ul>\n<ul>\n<li>Nikhil Kale with Axis Capital asked about the employee and other expenses, if there are any one-offs or restructuring charges. Medappa Gowda CFO replied that acquisition related cost that\u2019s incurred is included in other expenses.<\/li>\n<\/ul>\n<ul>\n<li>Nikhil Kale with Axis Capital enquired about the capex outlook for FY23. Ajith Rai Chairman answered that for the company\u2019s India operations, it is looking at INR140 crores. Since LDC in place, SUPRAJIT is assessing the requirements and there would be some capex for FY23 between LDC and Wescon, which will be $2-3 million.<\/li>\n<\/ul>\n<ul>\n<li>Vivek asked about the revenue percentage of the throttle cable in the cable division. Ajith Kumar Rai Chairman answered that it\u2019s about 15% on a revenue basis.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Suprajit Engineering Limited (SUPRAJIT) Q1 FY23 Earnings Concall Q&amp;A Highlights: Deepak Lalwani of Unifi Capital asked about the drivers of lower margin in the non-auto business. Ajith Kumar Chairman replied that it\u2019s a timing issue, and couple of one-off issues that have been added on. But in the longer term, it will [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Suprajit Engineering Limited Q1 FY23 Earnings Conference Call Insights #SUPRAJIT #Q1 #FY23 #Earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,12],"tags":[8207,8592],"class_list":["post-133315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-other-industries","tag-automobile-parts","tag-cable"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":148432,"url":"https:\/\/alphastreet.com\/india\/suprajit-engineering-limited-suprajit-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":133315,"position":0},"title":"Suprajit Engineering Limited (SUPRAJIT) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 30, 2023","format":false,"excerpt":"Suprajit Engineering Limited (NSE:SUPRAJIT) Q4 FY23 Earnings Concall dated May. 30, 2023 Corporate Participants: Ajith Rai -- Executive Chairman N.S. Mohan -- Managing Director & Group Chief Executive Office Akhilesh Rai -- Chief Strategy Officer & Director Medappa Gowda -- Chief Financial Officer, Company Secretary Analysts: Mumuksh Mandlesha -- Anand\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":147511,"url":"https:\/\/alphastreet.com\/india\/suprajit-engineering-ltd-q4fy23-results-out-revenue-grows-by-38\/","url_meta":{"origin":133315,"position":1},"title":"Suprajit Engineering Ltd Q4FY23 results out, revenue grows by 38%","author":"Chirag Gupta","date":"May 30, 2023","format":false,"excerpt":"Suprajit Engineering promoted by Mr Ajith Kumar Rai, started as a single-product (cables) to TVS Motor in 1985. 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