Auto Parts & Equipment firm Suprajit Engineering declares Q4FY22 result: The audited financial results establish a resilient performance by the Company for the year FY 2022. The chip shortage, both in India and globally, continued in Q4 FY22, disrupting production volumes across all the segments. The port congestion, container shortages, shipment delays and related costs continue to be high. It may be noted, the overall automotive volumes were at a multiyear low this year largely due to poor demand in the 2-wheeler segment in India. The commodity prices continued to increase during the quarter. We anticipate to receive certain price increases from the customers during the current and coming quarters, with a lag effect. Ukraine war has added additional uncertainty, further affecting production volumes in the EU. Covid-19 in India had minimal impact in Q4. The Board has recommended a final dividend of Rs. 1.10 (110%) per equity share of Re.1/- each for the year 2021-22, making the total dividend at Rs.2.00 (200%) as against the total dividend of Rs.1.75 (175%) per equity share of Re.1/- each, paid during the previous year. The aggregate of the dividend payout for the year under report is Rs. 276.78 Million against Rs. 243.27 Million paid during the previous year. Suprajit Group’s overall performance is in line with the guidance for the year. The planned expansion at Narasapura, near Bangalore, will be completed in the coming months. The new facility for a comprehensive aftermarket cable operations at Bommasandra Industrial area, Bangalore, is progressing as per the plan. Phoenix Lamps Division (PLD) completed its expansion during this quarter, to augment certain capacities. The Group’s consolidated growth at 12.2%, as against Indian automotive growth of 1.65% showing robustness of underlying business. The Group’s consolidated EBITDA at 14.1% is in line with guidance, despite significant cost headwinds during the year. Result PDF
Auto Parts & Equipment company Suprajit Engineering declares Q3FY22 result: The Board has declared an interim dividend of 90% (Re. 0.90 per equity share of Re. 1/-) as against 75% (Re.0.75 per equity share of Re.1/-) last year. Suprajit Group's overall year to date performance is in line with the guidance, although Q3 results have been muted across the divisions except Domestic Cable Division (DCD) due to timing differences of price impacts and higher costs across the segments. The planned expansion at Narasapura, near Bangalore, as well as at Phoenix Lamps Division (PLD) will be completed in the coming months. The new plant for a comprehensive aftermarket facility at Bommasandra Industrial area, Bangalore, is progressing as per the plan. Result PDF