SJS Grabs 39% YoY growth in Revenue and 71% YoY growth in PAT Q1 FY23

SJS DELIVERS STRONG PERFORMANCE IN Q1FY23 39% YoY growth in Revenue and 71% YoY growth in PAT Q1FY23 (Consolidated):

  • Revenue at Rs. 1,032 Mn, strong growth of 39% YoY
  • EBITDA grew 50% YoY to Rs. 278 Mn; Strong margin at 26.4%, expanded 170 bps YoY
  • Net Profit jumps 71% YoY to Rs. 162 Mn, margins improved 280 bps to 15.4%
  • Forayed into new country, Argentina and expanded footprint in North America (Ohio)
  • Added new customers – Alladio, a Mabe Group company (leading manufacturer of consumer appliances in Latin America). Also added EV manufacturers - Benling India, Gravton Motors and Navbharat Edison Motor
  • Won several key projects from Whirlpool, Mahindra & Mahindra, Bajaj Auto, TVS, Maruti Suzuki and Samsung among others
  • Exotech won its first business in the exports market by cross selling chrome plated parts to Whirlpool

 

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Last Updated: 6 Aug, 2022,
Author: Muruganandam

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