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
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