Suprajit Engineering reported 23.04% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs507.27cr. Suprajit, being in the business of auto components has seen the demand grow robustly with the growth in auto sales, which had a strong quarter in the December quarter with festive demand picking up sharply.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 65.53% at Rs51.63cr. There were two reasons for the sharp growth in PAT. Firstly, the company adopted a deft inventory policy that helped reduce the working capital cycle lock-in. Secondly, the cost control measures helped reduce the miscellaneous expenses. As a result, the PAT margins improved from 7.57% in Dec-19 to 10.18% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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Suprajit Engineering |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 507.27 |
₹ 412.28 |
23.04% |
₹ 443.14 |
14.47% |
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Net Profit (Rs cr) |
₹ 51.63 |
₹ 31.19 |
65.53% |
₹ 48.08 |
7.38% |
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Diluted EPS (Rs) |
₹ 3.69 |
₹ 2.23 |
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₹ 3.44 |
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Net Margins |
10.18% |
7.57% |
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10.85% |
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