Auto Parts & Equipment company SJS Enterprises announced Q1FY25 results: Financial Highlights: Strong revenue growth of 60.9% YoY to Rs 1,886.2 million, compared to 17.0% YoY growth in automotive market (2W+PV), primarily on back of WPI acquisition and strong business growth in PV, consumer segments as well as in exports 19th consecutive quarter of outperformance, with a YoY growth of 43.1% in automotive business compared to 17.0% YoY growth in automotive industry (2W+PV) production volumes EBITDA grew 60.8% YoY to Rs 505.0 million, robust EBITDA margins at 26.6% on account of significant improvement in SJS standalone margins PAT grew 56.6% YoY to Rs 282.4 million, with margins at 15.0%. Adj. Net Profit excluding amortisation expenses grew 67.7% YoY to Rs 302.3 million, on a margin of 16.0% In Q1FY25 domestic sales grew 66.6% YoY, on back of 104.2% YoY growth in PV business & 154.1% YoY growth in consumer business - outperforming the underlying industry Exports grew 13.0% YoY on account of strong performance of PV and consumer segment Strong Cash & Cash Equivalents position of Rs 766.6 million and Net Cash at Rs 233.7 million as on 30th June’24 Dixon Technologies added as a new customer, this opens significant opportunities in the consumer durables segment Continued winning new business with mega customer accounts like Stellantis, M&M;, Tata, TVS, Honda, Yamaha, Continental, Bajaj Auto, Royal Enfield, Foxconn, Syrma among others Commenting on Company’s performance, K. A. Joseph, Managing Director & CoFounder, SJS Enterprises Limited, said, “We are pleased to announce our Q1FY25 performance, marking the 19th consecutive quarter of SJS outperforming industry production volumes (2W+PV), achieving a 60.9% YoY growth. This increase is largely attributed to the strategic WPI acquisition and growth in Automotive and Consumer Durables segments. We are pleased to announce the addition of Dixon Technologies as a new client which will open avenues of growth in the coming quarters. Looking ahead, our strategy remains focused on expanding our global footprint, acquiring new customers, and increasing our wallet share with key clients. We are also committed to introducing innovative, next-generation products and technologies that meet the evolving needs of our global customers, solidifying our position as a premier provider of aesthetic solutions." Commenting on Company’s performance, Sanjay Thapar, Executive Director & CEO, SJS Enterprises Limited, said, “We commenced fiscal year 2025 with strong momentum, achieving a strong growth of 60.9% for the quarter, surpassing industry growth. We remain confident in our ability to exceed the underlying industry growth by more than 1.5 times while maintaining our best-in-class margins. Our plans for new product launches and the capacity expansion at the Exotech facility in Pune are progressing as planned, setting the stage for future growth. We continue to maintain our strategic focus on international markets and are pitching for export businesses. We are confident of our ability to meet global standards and are optimistic about the growth prospects for our business. Our aim is to become a one-stop solutions provider for all aesthetic products. With our focus on premiumization, we believe we will continue to surpass industry performance in the future as well.” Result PDF