Suprajit Engineering Ltd

Net profit of Suprajit Engineering declined 16.99% to Rs 33.41 crore in the quarter ended December 2024 as against Rs 40.25 crore during the previous quarter ended December 2023. Sales rose 14.83% to Rs 831.58 crore in the quarter ended December 2024 as against Rs 724.18 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales831.58724.18 15 OPM %11.6712.05 - PBDT91.1483.03 10 PBT60.2857.18 5 NP33.4140.25 -17 Powered by Capital Market - Live

Suprajit Engineering announced that the Board of Directors of the Company at its meeting held on 12 February 2025, inter alia, have recommended the interim dividend of Rs 1.25 per equity Share (i.e. 125%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Suprajit Engineering will hold a meeting of the Board of Directors of the Company on 12 February 2025.Powered by Capital Market - Live

The company incorporated Suprajit Chuhatsu Control Systems for manufacturing and trading of control cables, transmission cables, and associated mechanisms, for automotive industry in India and Export markets. The auto components manufacturer has incorporated Suprajit Chuhatsu Control Systems with authorized capital of Rs 1 lakh. Suprajit Engineering is engaged in the business of manufacturing of auto components consisting mainly of control cables, speedo cables, auto lamps and other components for automobiles and caters to both domestic and international markets. The company's consolidated net profit declined 98.62% to Rs 0.48 crore in Q2 FY25 as compared with Rs 34.75. Revenue from operations jumped 17.59% YoY to Rs 833.59 crore in Q2 FY25. The counter rose 0.11% to end at Rs 464.30 on Friday, 27 December 2024.Powered by Capital Market - Live

Suprajit Engineering has allotted 91,618 equity shares under the SEL ESAR Plan -2017 Plan of the Company. Powered by Capital Market - Live

Suprajit Engineering has signed a memorandum of understanding with Chuo Spring Company, Japan for incorporation of a 50:50 joint venture (JV) in India to design, manufacture and supply transmission cables and a technical assistance (TA) agreement, which grants JV access to Chuo's unique Japanese cable technology. The JV and TA will first focus on delivering projects for India's two leading Japanese PV OEMs. The collaboration further expands SEL's product range to key Japanese customers, and the transmission cable market, going forward. Powered by Capital Market - Live

The frontline indices traded with limited gains in early afternoon trade. The Nifty traded around the 24,250 mark. Financial services shares advanced after declining in the past trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 193.82 points or 0.25% to 80,206.25. The Nifty 50 index rose 54.55 points or 0.23% to 24,249.05. In the broader market, the S&P BSE Mid-Cap index rose 0.17% and the S&P BSE Small-Cap index added 0.80%. The market breadth was strong. On the BSE, 2,447 shares rose and 1,326 shares fell. A total of 161 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 2.74% to 14.89. The Nifty 28 November 2024 futures were trading at 24,285, at a premium of 35.95 points as compared with the spot at 24,249.05. The Nifty option chain for the 28 November 2024 expiry showed maximum Call OI of 123.2 lakh contracts at the 25,000 strike price. Maximum Put OI of 94.3 lakh contracts were seen at 23,000 strike price. Buzzing Index: The Nifty Financial Services index rose 0.32% to 24,123.80. The index shed 0.06% in the past trading session. Power Finance Corporation (up 1.33%), REC (up 1.12%), Bajaj Finance (up 1.11%), Cholamandalam Investment & Finance Company (up 0.94%), SBI Cards & Payment Services (up 0.77%), Kotak Mahindra Bank (up 0.76%), LIC Housing Finance (up 0.54%), Bajaj Finserv (up 0.25%), HDFC Bank (up 0.20%) and HDFC Life Insurance Company (up 0.20%) advanced. On the other hand, ICICI Prudential Life Insurance Company (down 1.61%), Muthoot Finance (down 1.15%) and Shriram Finance (down 1.06%) edged lower. Stocks in Spotlight: Suprajit Engineering (SEL) advanced 2.45% after the company signed memorandum of understanding (MoU) with Chuo Spring Company, Japan (Chou) to extend the reach of Chuo's special transmission cable technology to India. Siemens gained 2.45% after the heavy electrical equipment maker's consolidated net profit jumped 45.40% to Rs 830.70 crore in September 2024 quarter as against Rs 571.30 crore reported in the same period last year. Total revenue from operations increased 11.40% year on year (YoY) to Rs 6,373.60 crore during the quarter ended 30 September 2024. Powered by Capital Market - Live

Chuo is a leading Japanese transmission cable maker and supplies to the world's leading Japanese OEMs. Chuo has a global footprint with plants in US, China, Indonesia, and Thailand and consolidated revenue $675 million. This collaboration includes a 50:50 joint venture (JV) in India to design, manufacture, and supply transmission cables, and a technical assistance (TA) agreement, which grants JV access to Chuo's unique Japanese Transmission cable technology. The collaboration brings together two globally recognised cable suppliers. It extends the reach of Chuo's special Transmission cable technology to India and may further support Suprajit's global OEM customers. The collaboration further expands SEL's product range to key Japanese customers, and the transmission cable market, going forward. Suprajit Engineering is engaged in the business of manufacturing of auto components consisting mainly of control cables, speedo cables, auto lamps and other components for automobiles and caters to both domestic and international markets. The company reported 98.65% decline in consolidated net profit to Rs 0.48 crore in Q2 FY25 as compared with Rs 34.76 crore in Q2 FY24. Revenue from operations jumped 17.6% YoY to Rs 833.60 crore during the quarter.Powered by Capital Market - Live

Net profit of Suprajit Engineering declined 98.62% to Rs 0.48 crore in the quarter ended September 2024 as against Rs 34.76 crore during the previous quarter ended September 2023. Sales rose 17.60% to Rs 833.60 crore in the quarter ended September 2024 as against Rs 708.87 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales833.60708.87 18 OPM %7.569.85 - PBDT60.8774.91 -19 PBT28.4649.21 -42 NP0.4834.76 -99 Powered by Capital Market - Live

Suprajit Engineering will hold a meeting of the Board of Directors of the Company on 11 November 2024.Powered by Capital Market - Live