Auto Parts & Equipment company SJS Enterprises announced Q1FY26 results Revenue growth of 11.2% YoY to Rs 2,096.6 million, driven by 32.7% YoY growth in the two-wheeler (2W) segment and 13.8% YoY growth in the Passenger Vehicle segment 23rd consecutive quarter of outperformance, with 22.8% YoY growth in automotive business compared to 1.2% YoY growth in automotive industry (2W+PV) production volumes EBITDA grew 16.3% YoY to Rs 587.2 million, with EBITDA margins at 27.6%; margin expansion of 106 bps PAT increased 22.6% YoY to Rs 346.2 million, with a PAT margin of 16.5%; margins increased by 154 bps Generated strong cash flows during the quarter which resulted in a net cash position of Rs 1,311.4 million K. A. Joseph, Managing Director, SJS Enterprises, said, “We began FY2026 on a positive note, with Q1 reflecting strong demand across key vehicle segments, despite lower industry growth. We delivered our 23rd consecutive quarter of outperformance, an achievement that highlights our strong commitment to innovation and execution. In Q1FY26, we reported consolidated revenue of Rs 2,096.6 million, led by strong growth in the 2W and passenger vehicle segments. This performance reflects our continued focus on premiumization, new customer addition and deep customer engagement across both Indian and international markets. We continue to invest in future-ready infrastructure, with capacity expansion projects underway at Pune and Bangalore. These developments will strengthen our manufacturing footprint and enhance responsiveness to customer demands. This will reinforce our position as a trusted partner in the decorative aesthetics space. Looking ahead, we remain committed to driving innovation, expanding globally, enhancing efficiencies, delivering sustainable value, shaping the future of automotive aesthetics and building long-term value for all our stakeholders.” Sanjay Thapar, Executive Director & Group CEO, SJS Enterprises said, “Building on the positive momentum from the previous quarter, Q1 FY2026 showcased our robust performance as automotive business grew 22.8% YoY compared to 1.2% YoY growth in auto industry production volumes. Despite lower industry growth, SJS not only delivered strong revenue growth, but also achieved robust profitability margins, with EBITDA margins at 27.6% and PAT margins at 16.5%. Inorganic acquisitions have enabled SJS to have a more well-balanced sales pie with 2W at ~39%, PV at ~37% and ~24% is consumers & others. We added Hero MotoCorp as a marquee customer this quarter and have started supplies to them. We are confident, that in the long run we will be one of their preferred suppliers with significant share of business. Exports is one of our key focus areas. During the quarter, we secured new businesses in the US markets from Autoliv and Fiat Chrysler Automobiles. Company is consistently making efforts towards expanding its footprint in the North American market and the recent order wins from Stellantis, Whirlpool, FCA and Autoliv are a testament to this. Furthermore, strong cash generation during the quarter resulted in free cash flows of Rs 325.6 mn, with net cash standing at Rs 1,311.4 million. Our ability to convert ~101% of EBITDA into operating cash flows highlights our focus on operational efficiency, working capital management and disciplined capital allocation. Our strong balance sheet allows us to confidently pursue organic & inorganic strategic growth opportunities while maintaining financial stability. Looking ahead, we remain focused on accelerating organic growth by introducing new technology premium products, strengthening global relationships and maximizing efficiencies across our operations. With a strong financial position and disciplined execution, we are confident in our ability to drive consistent performance, expand our market presence, and deliver long-term value to all stakeholders.” Result PDF
Auto Parts & Equipment company SJS Enterprises announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue growth of 7.3% YoY to Rs 2,005.1 million, driven by 11.7% YoY growth in the passenger vehicle (PV) segment. 22nd consecutive quarter of outperformance, with 9.0% YoY growth in automotive business compared to 5.7% YoY growth in automotive industry (2W+PV) production volumes- The Company outperformed underlying automotive (2W+PV) industry growth by over 1.5x. EBITDA grew 6.6% YoY to Rs 528.0 million, with EBITDA margins at 26.1%. PAT increased 24.1% YoY to Rs 337.3 million, with a PAT margin of 16.8%. Bagged new orders from M&M;, Stellantis, Royal Enfield, TVS, Atomberg, Bajaj Auto, Samsung, Visteon among many others. Progressed on strategic capacity expansions, with the Optical Cover Glass facility at Hosur and expansion project at SJS Decoplast (erstwhile known as Exotech Plastics Pvt. Ltd.). ACMA awarded SJS with Certificates of Merit for Excellence in Manufacturing, Excellence in New Product Development and Excellence in ESG in March 2025. ESG performance improved, with CRISIL upgrading SJS’ ESG score. Addition of India’s largest 2-wheeler OEM – Hero MotoCorp to our list of marquee customers. Significantly increasing opportunities for growth in the 2W business. FY25 Financial Highlights: Strong revenue growth of 21.1% YoY to Rs 7,604.9 million, compared to 9.8% YoY production volume growth in the automotive market (2W+PV) – outperforming industry growth by over 2 times. EBITDA grew 27.1% YoY to Rs 2,032.0 million, with EBITDA margins at 26.4%. Margin expansion by 129 bps YoY. PAT grew 39.2% YoY to Rs 1,188.3 million. PAT margin improved by 203 bps to 15.6%. Domestic sales grew 21.4% YoY to Rs 7,037.0 million, driven by 28.4% YoY growth in PV business and 18.8% YoY growth in consumer business. Exports grew 17.6% YoY to Rs 567.9 million, contributing 7.5% to total consolidated revenue. Interest cost decreased from Rs 85.2 million in FY24 to Rs 56.4 million in FY25, due to repayment of debt. Consolidated ROE stood at 17.2% and ROCE at 25.7% for FY25. Strong free cash flow generation of Rs 1,232.9 million during FY25, with Net Cash(1) at Rs 991.7 million as on 31st March 2025. Company declared a final dividend payout of 25% of face value. K. A. Joseph, Managing Director & Co-Founder, SJS Enterprises, said: “We are pleased to conclude FY25 with another quarter of consistent performance, marking the 22nd consecutive quarter of SJS outperforming the underlying automotive industry growth. Our diversified product portfolio and focus on premium offerings have continued to strengthen our position across key customer segments. During the year, we achieved significant milestones, including surpassing Rs 2,000 million in quarterly revenue for the first time and maintaining strong profitability despite market headwinds. Our operational focus, coupled with prudent financial management, resulted in healthy cash flow generation and a strong net cash position at year-end. On the strategic front, our capacity expansion initiatives are progressing well, with the SJS Decoplast facility on track for commissioning in H1FY26 and work in progress for optical cover glass facility at Hosur. This will further enhance our manufacturing capabilities and support the growing demand for next-generation premium products. As we move into the next phase of growth, we remain committed to innovation, operational excellence, and building long-term value for all our stakeholders.” Sanjay Thapar, Executive Director & Group CEO, SJS Enterprises, said: “We are pleased to report another strong quarter of growth in Q4FY25, building on our consistent track record of outperforming the automotive industry. We are glad to announce the addition of Hero MotoCorp as a customer. We have secured significant orders from Hero in April 25, with this SJS is now a supplier to all major two-wheeler OEMs in the industry. This is a major milestone that reaffirms our leadership position in the market. Furthermore, we have seen strong progress in passenger vehicles and consumer segment, which have been key drivers of our overall growth. Our strong performance validates our strategic focus on premiumization and operational excellence. New generation products already contribute ~28% to our overall revenue. Our capacity expansion at SJS Decoplast and WPI and new product facility at Hosur will support our ability to meet growing demand and reinforce our leadership in the premium products space. We look forward to the new opportunities, these initiatives will unlock in the coming quarters. As we look ahead, our organic growth strategy remains focused on expanding our global footprint, deepening relationships with mega customers and introducing next-generation products. With our strong financial position, we are well placed to explore new opportunities of inorganic growth.” Result PDF
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
Auto Parts & Equipment company SJS Enterprises announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Strong revenue growth of 18.1% YoY to Rs 1,927.9 million, compared to 10.0% YoY growth in automotive market (2W+PV), primarily on back of strong business growth in PV, consumer segments as well as in exports. 20th consecutive quarter of outperformance, with a YoY growth of 18.2% in automotive business compared to 10.0 % YoY growth in automotive industry (2W+PV) production volumes. EBITDA grew 37.1% YoY to Rs 517.0 million, robust EBITDA margins at 26.6% on account of higher sales and enhanced operational efficiencies. PAT grew 50.9% YoY to Rs 291.5 million, with margins at 15.1%. In Q2FY25 domestic sales grew 15.4% YoY, on back of 15.6% YoY growth in PV business & 15.2% YoY growth in 2W- outperforming the underlying industry. Exports grew 54.7% YoY on account of strong performance of PV and consumer segment. Strong Cash & Cash Equivalents position of Rs 491.3 million and Net Cash at Rs 388.8 million as on 30th September’24. Won a large long-term export business from a global OEM to supply to their plants in North America, Latin America, and Europe Capex for capacity expansion at Exotech commenced and new plant commissioning target Q1FY26. Continued winning new business with mega customer accounts like Stellantis, M&M;, TVS, HMSI, Yamaha, Hyundai, IFB, Autoliv, Bajaj Auto, Visteon, Liebherr, BMW, Triumph, Royal Enfield, Dixon among others. Repaid a Term loan of Rs. 300.0 million, making the company Debt Free. 3MWp solar power supply, to drive operational efficiency. H1FY25 Financial Highlights: Strong revenue growth of 36.0% YoY to Rs 3,814.1 million, compared to 13.3% YoY growth in automotive market (2W+PV), primarily on back of strong business growth in PV, consumer segments as well as in exports. EBITDA grew 47.8% YoY to Rs 1,022.0 million, robust EBITDA margins at 26.6% on account of higher sales and Cost efficiency. PAT grew 53.7% YoY to Rs 573.9 million, with margins at 15.0%. Exports grew 32.1% YoY to Rs 306.6 million. Exports constituted 8.0% of total consolidated sales. Our Consolidated ROCE stands at 24.3% and ROE at 18.7%. During H1FY25, the company achieved robust free cash flows of Rs 663.2 million. Our cash and cash equivalents reached Rs 491.3 million. Our net cash levels stand at Rs 388.8 million, reflecting our strong cash flow performance. K. A. Joseph, Managing Director & CoFounder, SJS Enterprises, said: “We are pleased to report our Q2FY25 performance, marking the 20th consecutive quarter of SJS surpassing industry production volumes (2W+PV), with a growth of 18.1% YoY. This growth was primarily driven by the robust growth in the Auto segment, Consumer segment and a strong performance in Exports as well. We are also delighted to welcome FCA Melfi Italy, Stellantis Detroit USA and Stellantis Goiana Brazil as a valued addition, which we believe will create new growth opportunities in the coming quarters. Our commitment to operational efficiency continues to generate strong cash flows, with cash and cash equivalents standing at Rs 491.3 million. This financial strength has enabled us to achieve a debtfree status, further solidifying our position to pursue growth opportunities while maintaining financial stability. Our capacity expansion at the Exotech facility has been finalized, with the plant expected to be commissioned by Q1FY26. Our plans for launching new products are progressing as planned, positioning us well for future growth and scaling opportunities. Moreover, we are focussed on enhancing our global footprint and aim to diversify and strengthen relationships with overseas customers and are committed to enhancing product aesthetics and maintaining a strong margin profile to reinforce our market leadership." Result PDF