Suprajit Engineering Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 14, 2024 at 04:38 am EST
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Suprajit Engineering Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 7,241.76 million compared to INR 6,920.99 million a year ago. Revenue was INR 7,331.3 million compared to INR 6,972.72 million a year ago. Net income was INR 402.46 million compared to INR 380.38 million a year ago. Basic earnings per share from continuing operations was INR 2.91 compared to INR 2.75 a year ago. Diluted earnings per share from continuing operations was INR 2.9 compared to INR 2.75 a year ago.
For the nine months, sales was INR 21,127.33 million compared to INR 20,533.46 million a year ago. Revenue was INR 21,532.92 million compared to INR 20,927.69 million a year ago. Net income was INR 1,081.2 million compared to INR 1,111 million a year ago. Basic earnings per share from continuing operations was INR 7.81 compared to INR 8.03 a year ago. Diluted earnings per share from continuing operations was INR 7.8 compared to INR 8.02 a year ago.
Suprajit Engineering Limited is an India-based company, which is engaged in the business of manufacturing and selling automotive and other components. The Companyâs auto components mainly consist of control cables, speedo cables, auto lamps and other components for automobiles and cater to both domestic and international markets. The Company's product categories include Braking System, Control Cables, Display Cluster and Telematics, Friction Products, Gear Box, Gear Shifter Systems, Lighting Systems, Linear Actuation, and Throttle Controls. Its products include Brake Pads, Brake Shoes, Charging Gun Lock Actuator, Circular USB Charger module, Control Cable Systems, E Twist Throttle, Electronic Foot Throttle, EV 003, Gear Shifter Cable AT, Gear Shifter Cable MT, GY Cable, Halogen Lamps, Hand Brake, Hi-Low Gear shifter, High Force Actuator, Hour Meter (LCD), Inline Clutch, Lever Mounted CBS, Medium Force Actuator 1, Park Release Mechanism, and Rectangular USB Charger module.