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Suprajit Engineering Advances Q2 FY27 Revenue by 20.6% and EBITDA by 26.7% Led by Strong Division Growth

GCM and SED divisions report significant revenue gains of 24.3% and 50.4% respectively despite global market pressures

Suprajit Engineering Limited posted a consolidated revenue increase of 20.6% to INR 11,351 million and a 26.7% rise in EBITDA to INR 1,384 million for Q2 FY27. Key divisions GCM and SED recorded revenue growth of 24.3% and 50.4%, respectively, driven by new project wins and robust demand, while ICM showed steady progress amid market headwinds.

10 hours ago|SUPRAJIT+0.00%
Suprajit Engineering LimitedNSE:SUPRAJITBSE:532509Investor Presentation

Suprajit Engineering Limited

Investor Presentation

Suprajit Engineering Limited delivered solid consolidated financial results for the quarter ending September 2026, with revenue rising 20.6% to INR 11,351 million and EBITDA increasing 26.7% to INR 1,384 million. Growth was driven by strong performances in the Global Cables & Mechatronics (GCM) and Sensors, Electronics & Displays (SED) divisions.

The company reported a consolidated revenue of INR 11,351 million and EBITDA of INR 1,384 million for Q2 FY27, reflecting year-on-year growth of 20.6% and 26.7%, respectively. The EBITDA margin improved from 11.6% to 12.2%.

GCM division achieved revenue of INR 5,776 million in the quarter, up 24.3%, and EBITDA rose by 69% to INR 583 million. The division benefits from a capacity expansion in Chennai and maintains a global manufacturing presence.

ICM division posted a 13.7% revenue increase to INR 3,877 million and an EBITDA margin improvement to 15.3%. The division continues growth in OEM and aftermarket cable markets.

SED division led in revenue growth with a 50.4% rise to INR 618 million, though EBITDA declined slightly due to volatile electronic component costs affecting margins, reporting 8.4%.

Phoenix Lighting & Electricals (PLE) recorded a 14.8% revenue growth during the quarter to INR 1,080 million and a 30.3% increase in EBITDA to INR 155 million. Margins improved compared to the first quarter despite market challenges.

Highlights

  • Consolidated Q2 FY27 revenue at INR 11,351 million, up 20.6% year-on-year.
  • Consolidated EBITDA grew 26.7% to INR 1,384 million with margin expansion to 12.2%.
  • GCM division revenue grew 24.3% with EBITDA increasing 69%.
  • SED division reported 50.4% revenue growth amid margin pressure.
  • ICM revenue up 13.7% with margin improvements.
  • PLE achieved 14.8% revenue growth and 30.3% EBITDA increase.

Key Data Snapshot

Consolidated Revenue Q2 FY27INR 11,351 million
Consolidated EBITDA Q2 FY27INR 1,384 million
Consolidated EBITDA Margin Q2 FY2712.2%
GCM Division Revenue Q2 FY27INR 5,776 million
GCM Division EBITDA Q2 FY27INR 583 million
ICM Division Revenue Q2 FY27INR 3,877 million
ICM Division EBITDA Margin Q2 FY2715.3%
SED Division Revenue Q2 FY27INR 618 million
SED Division EBITDA Margin Q2 FY278.4%
PLE Division Revenue Q2 FY27INR 1,080 million
PLE Division EBITDA Q2 FY27INR 155 million
Group Net Debt September 2026INR 3,714 million
Cash and Cash Equivalents September 2026INR 1,576 million

What happened

  • Suprajit Engineering posted a consolidated revenue growth of 20.6% and EBITDA growth of 26.7% in Q2 FY27.
  • The operating EBITDA margin improved from 11.6% in Q2 FY26 to 12.2% in Q2 FY27.
  • Revenue growth was led by the Global Cables & Mechatronics (GCM) division with a 24.3% increase and Sensors, Electronics & Displays (SED) division with a 50.4% increase.
  • India Cables & Mechatronics (ICM) division grew revenue by 13.7% while improving EBITDA margins to 15.3%.
  • Phoenix Lighting & Electricals (PLE) delivered 14.8% revenue growth and 30.3% EBITDA increase in the quarter.

Key details

  • GCM division is undertaking a significant capacity expansion by establishing a greenfield cable facility in Chennai.
  • SED division faces margin pressures from volatile electronic component costs and lagging customer price revisions despite strong revenue growth.
  • The company saw improvement in margins at ICM and PLE compared to Q1 FY27.
  • Group net debt reduced from INR 4,485 million in March 2026 to INR 3,714 million in September 2026.
  • Cash and cash equivalents increased to INR 1,576 million as of September 2026.

Operational performance

  • GCM division revenue rose to INR 5,776 million with EBITDA margin increasing to 10.1%.
  • ICM division recorded a revenue of INR 3,877 million with a 15.3% EBITDA margin, supported by growth in OEM cable and aftermarket businesses.
  • SED division revenue reached INR 618 million with an EBITDA margin of 8.4%, impacted by electronic component cost volatility.
  • PLE revenue was INR 1,080 million and EBITDA INR 155 million showing operational recovery.
  • Suprajit Automotive Limited, part of GCM, is progressing on the Chennai greenfield facility to increase cable manufacturing capacity.

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Suprajit Engineering Advances Q2 FY27 Revenue by 20.6% | Stockk News