Suprajit Engineering Q4 Review - Weakness In Auto Cable To Offset By Lighting, Non-Auto: Dolat Capital
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Dolat Capital Report
Suprajit Engineering Ltd. displayed strong all-round performance in Q4 FY21.
Revenue grew by 32 % YoY to Rs 5.1 billion led by strong growth in cable division (34% YoY) and Phoenix lamps division (39% YoY).
Ebitda jumped 49% YoY to Rs 817 million with expanded margin at 180 basis points YoY to 15.9% led by high aftermarket business along with strong margin performance from its subsidiaries.
Management stated that the outlook for automotive business (cable) looks cloudy as Covid-19 led lockdown, increase in raw material cost and shortage of electronic chip worldwide to hurt overall demand.
However non automotive business continue to be on strong footing led by new client and product addition.
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