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S J S Enterprises Results: Latest Quarterly Results & Analysis

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SJS Enterprises Ltd. 03 Nov 2025 16:27 PM
Result PDF

Q2FY26 Quarterly Result Announced for SJS Enterprises Ltd.

Auto Parts & Equipment company SJS Enterprises announced Q2FY26 results

Q2FY26 Consolidated Financial Highlights:

  • Revenue growth of 25.4% YoY to Rs 2,417.6 million, driven by 44.3% YoY growth in the two wheeler (2W) segment and 16.5% YoY growth in the Passenger Vehicle segment
  • 24th consecutive quarter of outperformance, with 29.5% YoY growth in automotive business compared to 9.5% YoY growth in automotive industry (2W PV) production volumes
  • EBITDA grew 40.9% YoY to Rs 728.4 million, with EBITDA margins at 29.6% on account of improved product mix, better operating leverage and cost optimization initiatives across businesses
  • PAT increased 48.4% YoY to Rs 432.7 million, with a PAT margin of 17.9%
  • Generated strong cash flows during the quarter which resulted in a net cash position of Rs 1,588.8 million
  • Exports grew 40.9% YoY to Rs 231.9 million constituting 9.6% of total consolidated sales

K. A. Joseph, Managing Director, SJS Enterprises, said, “Building on the strong momentum from the previous quarter, Q2FY26 was a milestone period for SJS. The Company delivered its highest-ever consolidated revenue and profits during the quarter, supported by strong demand across both 2W and PV segments.

SJS delivered its 24th consecutive quarter of industry outperformance, with revenue rising 25.4% YoY to Rs 2,417.6 million, led by 44.3% growth in 2W, 16.5% growth in PV and 16% YoY growth in Consumer segment. EBITDA margin was at 29.6% and PAT margin at 17.9%.

Our enhanced profitability is a reflection of better product mix, operational excellence, and disciplined execution. This performance demonstrates the success of our business diversification strategy and strong OEM partnerships, reinforcing our position as a trusted premium aesthetics solutions provider. With a solid order book and clear strategy, SJS is well-positioned to achieve greater heights and set new benchmarks in the coming quarters”

Sanjay Thapar, Executive Director & Group CEO, SJS Enterprises, said, “Q2 FY2026 performance is an inflection point for SJS. Our strategic initiatives and strong execution have led to SJS achieving business results in Q2FY26 almost equal to our annual performance of FY21. What SJS once achieved in a full year, we now deliver in a single quarter.

We also achieved our highest-ever exports revenue of Rs 231.9 million, contributing 9.6% of consolidated revenue in Q2FY26. This strong growth was driven by new projects from key global OEMs and expanding presence across regions such as North America. Looking ahead, we aim to increase exports to 14–15% of consolidated revenue by FY28 through diversification and new customer additions.

Our MoU with BOE Varitronix (Hong Kong), marks a strategic step in manufacturing 4W automotive displays in India. We are actively expanding our capabilities in Optical Cover Glass and automotive displays through this collaboration. These premium product additions will help increase kit value and strengthen our position as a one-stop decorative aesthetics solutions partner for OEMs.

Strong cash generation during the quarter has resulted in a net cash position of Rs 1,588.8 million, ensuring adequate financial flexibility to support organic and inorganic growth initiatives. With a debt-free balance sheet, robust cash flow generation, and strong order visibility, SJS remains well positioned to sustain its growth trajectory, enhance market leadership, and create long-term value for all stakeholders”

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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.”

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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

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

Auto Parts & Equipment Products company SJS Enterprises announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Strong revenue growth of 75.3% YoY to Rs 1,867.9 million, compared to 22.8% YoY growth in automotive market (2W PV), primarily on back of WPI acquisition and strong growth in PV, consumer segments as well as in exports
  • 18th consecutive quarter of outperformance, with a YoY growth of 73.5% in automotive business compared to 22.8% YoY growth in automotive industry (2W PV) production volumes
  • EBITDA grew 82.2% YoY to Rs 495.3 million; robust EBITDA margins at 26.2% on account of significant improvement in WPI margins to 25.5% as volumes at key OEMs picked up. Furthermore, Exotech recorded EBITDA margin of 18.1%
  • PAT grew 76.6% YoY to Rs 271.8 million, with margins at 14.5%. Adj. Net Profit excluding amortisation expenses grew 15.8% YoY to Rs 295.9 million, on a margin of 15.8%
  • Overall domestic sales clocked 76.8% YoY growth; on back of 110.2% YoY growth in PV business & 115.3% YoY growth in consumer business
  • Exports grew 57.2% YoY on account of strong performance of PV and consumer segment
  • Added new customer – Minda Vast

FY24 Financial Highlights:

  • First time since IPO, SJS board declared Final dividend of 20% on the face value
  • Delivered revenue growth of 45.0% YoY to Rs 6,278.0 million, registering better-than-automotive industry production volume growth of 9.7% YoY – SJS achieved its guided target of 45% YoY growth in revenue for FY24
  • EBITDA at Rs 1,599.0 million, growth of 36.9% YoY, consistently maintaining robust margins at 25.2%
  • PAT at Rs 853.7 million, 26.9% YoY growth, with a margin of 13.6%. Adj. Net Profit excluding amortisation expenses grew 37.1% YoY to Rs 921.8 million, on a margin of 14.7%. SJS exceeded the guided 30% PAT growth for FY24
  • Exports grew 51.1% YoY to Rs 483.0 million. Exports constituted 7.7% of total consolidated sales. Both Exotech and WPI are primarily domestic business and hence exports as a percent of consolidated sales are at 7.7%, while exports is 12.7% of SJS standalone sales
  • The acquisition of WPI has effectively balanced our portfolio across all our segments. Twowheelers now contribute 37% of our revenue, passenger vehicles contribute 36%, consumer segment 20% and others 7%
  • Company is getting future ready with the new generation products contribution increasing from 9.4% in FY23 to 25.2% in FY24, post WPI acquisition
  • Our Consolidated ROCE during the quarter stands at 20.4% and ROE at 15.2%. ROCE was lower due to WPI acquisition. This will improve gradually over a period of time and with better utilisation of new investments over next 1-2 years
  • During FY24, the company achieved robust free cash flows of Rs. 756.2 million. Our cash and cash equivalents reached Rs 520.0 million During the year, SJS for the first time had raised debt and our gross borrowings had increased to Rs 683.4 million, due to WPI acquisition. However, as promised to you’ll that significant portion of the debt will be repaid by end of FY24, so now our net debt levels stand at Rs 163.5 million, reflecting our strong cash flow performance.

Commenting on Company’s performance, K. A. Joseph, Managing Director & CoFounder, SJS Enterprises Limited, said, “Q4FY24 was marked by yet another quarter of better than industry performance by SJS with a revenue growth of 75.3% YoY to Rs 1,867.9 million, compared to 22.8% YoY growth in automotive industry (2W PV) production volumes. This growth is a result of our prudent capital allocation, our strategic investments in WPI acquisition and operational excellence.

Our WPI business is progressing according to plan, with sustained margin improvement. At SJS, we will continue to explore evolving cross-selling opportunities. Our primary goal is to build a sustainable and resilient organization that effectively meets the needs of our global customers and positions us as a one stop solution provider for aesthetic products. New technology product categories like IML, IMD and IMF have been added via WPI acquisition and optical plastics / cover glass will also pick up traction in the medium term. This will help us to further increase our new generation products contribution from 25.2% of revenue to even higher levels in the coming years. I am pleased to announce that the Board has recommended a final dividend of 20% on the face value, the first time since our IPO. This underscores the Company's growth trajectory and commitment to creating value for all shareholders.”

Commenting on Company’s performance, Sanjay Thapar, Executive Director & CEO, SJS Enterprises Limited, said, “FY24 have demonstrated our ability to execute our strategic plans to create a business model that will drive growth, coupled with strong performance in the PV and consumer segments, as well as increased exports. We are very happy with our Company’s performance as we have achieved our FY24 guidance of 45% revenue growth and exceeded 30% PAT growth.

During the quarter, WPI's EBITDA margins reached 25.5%, a significant increase from 20.4% in Q3 FY24. With WPI acquisition, we at SJS, now have formidable array of products & technology that will drive our growth in coming years. Our aim remains to achieve new milestones, while staying focussed to the ever-evolving needs of our customers.”

Result PDF

Auto Parts & Equipments company SJS Enterprises announced consolidated Q1FY24 results:

  • Revenue at Rs 1,172.5 million, 13.6% YoY growth, despite subdued market growth
  • Witnessed 18.6% YoY growth in the automotive segment (2W PV) compared to 2.3% YoY growth in industry production volumes
  • EBITDA grew 12.8% YoY to Rs 313.8 million; robust EBITDA margins at 26.1%
  • Net Profit at Rs 180.0 million, with margins at 15.4%
  • New business wins and exports market recovery led to strong 90.8% YoY growth in export revenue
  • Strong Cash & cash equivalents position of Rs 2,849.7 million as on 30th June’23
  • Added new customers – Autoliv and Toyota Tsusho
  • Continued winning new business with mega customer accounts like M&M, TVS, Honda, Hyundai, Visteon, Continental, and Bajaj Auto among others
  • SJS completed the transformative acquisition of a 90.1% stake in Walter Pack India (WPI), a leading player in IMD/ IML and IMF technology, for a consideration of Rs 2,393 million

Commenting on Company’s performance and acquisition, K. A. Joseph, Managing Director & Co-Founder, SJS Enterprises, said, “We are happy to announce our Q1FY24 performance. It is the 15th consecutive quarter of SJS outperforming industry production volume growth. New business wins and gradual export recovery have led to 90.8% YoY growth in our export revenue. We also completed our 2nd and much larger acquisition of WPI, which we believe will give us a huge technological advantage. Looking at the improving export market outlook and WPI business performance, I am confident that both exports and inorganic strategy will be the driving force of our future growth in the medium term. As for FY24, we maintain our stance of ~50% YoY growth in revenue and ~40% YoY growth in PAT driven by robust margins of the business and WPI acquisition.”

Commenting on Company’s performance, Sanjay Thapar, Executive Director & CEO, SJS Enterprises, said, “Strong performance delivered by SJS on the automotive and exports front. We added 2 more customers, Toyota Tsusho and Autoliv for IML parts. These new technology product categories are picking up a lot of traction and will see strong growth in the medium term of the next 3-5 years. One of the primary reasons for the WPI acquisition was its presence in emerging technologies and increasing demand for the same in the future. We believe that going ahead premiumisation and futuristic technologies will propel our growth in the right direction. We intend to increase kit value per vehicle with the addition of these new premium products. We are already seeing this play out with the addition of chrome-plated parts (Exotech), IMD, IML, and IMF products (WPI) as well as at SJS where we are working on the introduction of new products like optical plastics and cover glass.“

 

 

Result PDF

Auto parts & equipment firm SJS Enterprises announced Q3FY23 results:

  • Consolidated Q3FY23:
    • Outperformed auto industry with 25.3% YoY growth in auto segment, compared to 3.9% YoY production volumes in 2W PV segment
    • Revenue at Rs 1,063.7 million, robust growth of 20.8% YoY
    • EBITDA grew 25.3% YoY to Rs 284.0 million, Strong margin at 26.1%
    • Adjusted net profit jumped 29.5% YoY to Rs 157.1 million, with margins at 14.8%
    • Strong cash & cash equivalents position of Rs 1,431 million; debt-free company
    • Added new customers – Foxconn in 2W EV segment and IFB Industries in Consumer Appliances
    • Continued growing business with mega accounts by winning new orders from M&M, Tata Motors, Toyota, Whirlpool, Electrolux and Royal Enfield
    • Added sales representative in Columbia, thereby covering key markets of Latin America.
  • Consolidated 9MFY23:
    • Consistently maintaining ~25% growth, outpacing the industry
    • Revenue at Rs 3,264.8 million, robust growth of 24.6% YoY
    • EBITDA at Rs 896.0 million, a sturdy growth of 31.6% YoY, strong margin at 26.9%,
    • Adjusted net profit rises to Rs 518.7 million, strong jump of 40.6% YoY, with a margin of 15.9%.

Commenting on Company’s performance, KA Joseph, Managing Director, SJS Enterprises Limited, said, “It has been another good quarter for SJS. We are extremely positive on growth prospects for our business in the medium and long run, given the improved outlook for the automotive industry, especially with the expected recovery in 2W industry, premiumisation trends and positive customer response to futuristic technology development initiatives at SJS. We have a strong NPD team, who is working relentlessly to launch new products quickly, which will keep us ahead of the curve, helping us gain higher wallet share from our customers. We are very excited about our future products like cover glass, optical plastics, printed electronics, among others. With the addition of new products, it will help strengthen SJS’ position as a one-stop aesthetics solution provider in the automotive and consumer appliances segments. This will not only help widen our base of product offerings but also increase the total kit value of products that we offer to our customers.”

 

 

Result PDF

Auto parts & equipment firm SJS Enterprises announced Q2FY23 results:

  • Q2FY23 (consolidated):
    • Revenue at Rs 1,169.4 million, robust growth of 17.3% YoY
    • EBITDA grew 24.5% YoY to Rs 333.8 million, strong margin of 28.0%
    • Net profit jumps 30.7% YoY to Rs 199.5 million, margins improved to 17.1%
    • Strong cash & cash equivalents position of Rs 1,295.1 million; debt-free company
  • H1FY23 (consolidated):
    • Consistently maintaining ~25% growth, outpacing the industry
    • Revenue at Rs 2,201.1 million, robust growth of 26.5% YoY
    • EBITDA at Rs 612.0 million, a sturdy growth of 34.8% YoY, a strong margin at 27.2%
    • Net Profit rises to Rs 361.6 million, a strong jump of 46.0% YoY with a margin of 16.4%

KA Joseph, Managing Director, SJS Enterprises Ltd, said, “We are delighted with the Q2FY23 performance. We remained prudently positive and have been able to outperform the industry. This growth is on account of strong customer relationships and our customers derive immense value from our continued focus on quality and delivery excellence. The eight awards won by SJS during the quarter were a testament to the same. I am confident that, going forward, we will be able to further strengthen our customer relationships, develop new-generation products, expand our reach and achieve our guided financial growth."

"It has been another good quarter. We are extremely positive about growth prospects for our business, given the improved outlook for the automotive industry, premiumisation trends and positive customer response to futuristic technology development initiatives at SJS. Despite near-term geo-political challenges in global markets, we remain cautiously optimistic about exports. However, we are confident of achieving ~25% revenue growth CAGR in the next couple of years, while maintaining best-in-class margins. Driving value through new products will be one of the key drivers for future growth. We are already working with OEMs for futuristic products like Illuminated logos and cover glass technology for automotive centre stack displays, etc. We are also gearing up for the future with advanced technology products like IME and smart surface technologies, which will enable a high growth trajectory for the Company," said Sanjay Thapar, Executive Director & CEO, SJS Enterprises Ltd.

Result PDF

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