Auto Parts & Equipment company SJS Enterprises announced Q3FY25 results Strong revenue growth of 11.2% YoY to Rs 1,785.6 million, compared to 7.1% YoY growth in automotive market (2W+PV), primarily on back of strong business growth in PV business. 21st consecutive quarter of outperformance, with a YoY growth of 15.4% in automotive business compared to 7.1 % YoY growth in automotive industry (2W+PV) production volumes. EBITDA grew 16.9% YoY to Rs 482.0 million, robust EBITDA margins at 26.6% on account of enhanced operational efficiencies. PAT grew 32.9% YoY to Rs 277.1 million, with margins at 15.5%. In Q3FY25 domestic sales grew 12.3% YoY, on back of 22.6% YoY growth in PV business - outperforming the underlying industry. Exports stood at Rs 115.0 million in Q3FY25. Strong Cash & Cash Equivalents position of Rs 874.8 million and Net Cash at Rs 754.4 million as on 31st December’24. Other Highlights: Won a large export business for US market in the consumer durables segment and onboarded TI India in the EV Tractors segment. Capex for capacity expansion at Exotech and WPI commenced and new plant commissioning target Q1FY26. Continued winning new business with mega customer accounts like Stellantis, M&M;, Whirlpool, Bajaj Auto, Visteon, Royal Enfield, Marelli among others. ICRA assigned credit rating has been upgraded to AA-(Stable) from A+(Positive). Exotech & WPI adding an additional 4.1 MW captive solar power generation capacity, reinforcing our commitment to a greener planet. K. A. Joseph, Managing Director & Co-Founder, SJS Enterprises, said: “We are delighted to deliver 21st consecutive quarter of outperformance with a solid 15.4% YoY growth in auto industry (2W+PV) against industry production volume of 7.1%. This performance is underpinned by our strategic focus on premiumization, innovation, and operational excellence. Growth in the passenger vehicle segment has been a key driver, highlighting our ability to capitalize on market opportunities and deliver value to our stakeholders. Ongoing capex projects of Exotech and WPI capacity expansions are progressing as planned and will commission in Q1FY26. In January, we also commenced the infrastructure development for the greenfield Optical Cover Glass facility at Hosur, representing a significant milestone for SJS. This strategic capacity expansion will underpin our ability to meet growing demand and solidify our leadership in advanced aesthetic solutions and further enhance our innovation capabilities. Additionally, it will contribute to increasing our overall kit value, reinforcing our market position and is expected to fuel our future growth.” Sanjay Thapar, Executive Director & CEO, SJS Enterprises, said: “SJS Q3FY25 revenue growth was largely on account of PV business. Our growth in this category has consistently outpaced industry benchmarks, showcasing our ability to deliver innovative, high-quality solutions that meet evolving customer needs. Our two strategic acquisitions have been pivotal in aligning our portfolio strategy, enabling a significant shift from a two-wheeler-dominated portfolio to a more balanced and diversified product mix. These acquisitions have reinforced our position in the market and contributed to sustainable growth across segments. Looking ahead, we aim to leverage our strong cash flows to drive growth through global expansion, acquiring new customers, and strategic investments. With cash and cash equivalents at Rs 874.8 million and a debt-free status, we are strategically positioned to fuel our growth ambitions. Export growth remains a cornerstone of our strategy. Recent wins of large orders for US market in consumer durables and auto segment not only reaffirms our global capabilities but also sets the stage for accelerated international growth. We are leveraging our strong customer base to deepen market penetration with the existing mega accounts and expand into new regions. By maintaining our focus on premiumization, global expansion, and operational efficiency, we remain committed to achieving sustainable growth while maintaining profitability margins and creating long-term value for all stakeholders.” Result PDF
