Suprajit Engineering (532509) Q4 25/26 earnings summary

Executive summary

• Achieved a record Q4 consolidated profit before tax of INR 97 crore, nearly double last year, and crossed INR 1,000 crore in quarterly revenue for the first time.

• Full-year revenue grew 17% and EBITDA by 19%-20% year-over-year, driven by strong performance in Controls and Electronics divisions and successful SCS turnaround.

• Audited standalone and consolidated financial statements for the year and quarter ended March 31, 2026 were approved, with unmodified audit opinions issued by the statutory auditors.

• Declared a higher annual dividend of INR 3.50 per share, up from INR 3 last year.

• Major restructuring and integration efforts completed, especially in SCS and North American operations, positioning the group for improved profitability.

Financial highlights

• Consolidated revenue (excluding SCS) for FY26 was INR 3,377 crore, up 8.7% year-over-year; operational EBITDA grew 10.5% to INR 443 crore.

• Standalone revenue reached INR 1,840 crore (+7.1%), with operational EBITDA at INR 305 crore (+2.4%).

• Standalone revenue from operations for FY 2025-26 was ₹18,399.25 million, up from ₹17,184.63 million year-over-year; consolidated revenue was ₹38,248.23 million, up from ₹32,769.52 million.

• Standalone net profit for FY 2025-26 was ₹2,747.43 million, up from ₹2,527.28 million; consolidated net profit was ₹1,826.73 million, up from ₹992.65 million.

• SCS turned EBITDA positive in Q4, after a year-long restructuring.

Outlook and guidance

• Forecasts double-digit group revenue growth for FY27, with consolidated EBITDA margin guidance of 12%-13.5%.

• GCM (Global Cables and Mechatronics) division expects EBITDA margin to improve from 6% to 10%-12% in FY27.

• ICM (India Cables and Mechatronics), PLE (Phoenix Lamp, Lighting and Electrical), and SED (Sensors, Electronics and Displays) divisions all expect double-digit revenue growth and stable or improved margins.

• CapEx of INR 200 crore planned for FY27, including land, building, plant, machinery, and IT upgrades.

• The company continues to monitor regulatory changes, including the implementation of new Indian labour codes, and will adjust accounting as needed.