SJS Enterprises (SJS) Q3 25/26 earnings summary

Executive summary

• Achieved record quarterly revenue of Rs 2,435.3 million in Q3FY26, up 36.4% YoY, with 46% YoY growth in automotive business, significantly outpacing industry growth.

• Q3 EBITDA rose 56.9% YoY to Rs 756.4 million (margin 30.5%), and PAT increased 62.5% YoY to Rs 450.4 million (margin 18.5%).

• Nine-month PAT of Rs 1,229.2 million already surpassed FY25 full-year PAT.

• Signed a technology license and supply agreement with BOE Varitronix for automotive display systems, expanding product capabilities.

• Strong cash flow generation with net cash position of Rs 2,030.1 million as of Dec 31, 2025.

Financial highlights

• Q3FY26 revenue: Rs 2,435.3 million (+36.4% YoY, +0.7% QoQ); 9MFY26 revenue: Rs 6,949.5 million (+24.1% YoY).

• Q3 EBITDA: Rs 756.4 million (+56.9% YoY, margin 30.5%); 9MFY26 EBITDA: Rs 2,072.0 million (+37.8% YoY, margin 29.3%).

• Q3 PAT: Rs 450.4 million (+62.5% YoY, margin 18.5%); 9MFY26 PAT: Rs 1,229.2 million (+44.4% YoY, margin 17.7%).

• Exports in Q3 grew 146.2% YoY to Rs 283.1 million, now 11.6% of revenue.

• Free cash flow to firm at Rs 975.9 million as of Dec 31, 2025.

Outlook and guidance

• Expects to outperform industry growth by over 2.5x in FY26, driven by premiumization, mega OEM accounts, and exports.

• Plans to maintain robust EBITDA margins and high cash flow generation; cash flow from operations ~76% of EBITDA.

• Management continues to monitor regulatory changes, including new Labour Codes, and has accounted for their estimated impact in the results.