Suprajit Engineering Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 29, 2023 at 10:13 am
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Suprajit Engineering Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 6,990.09 million compared to INR 5,059.17 million a year ago. Revenue was INR 7,045.96 million compared to INR 5,127.11 million a year ago. Net income was INR 410.09 million compared to INR 486.36 million a year ago. Basic earnings per share from continuing operations was INR 2.96 compared to INR 3.51 a year ago. Diluted earnings per share from continuing operations was INR 2.96 compared to INR 3.51 a year ago.
For the full year, sales was INR 27,523.55 million compared to INR 18,404.77 million a year ago. Revenue was INR 27,909.93 million compared to INR 18,771.24 million a year ago. Net income was INR 1,521.09 million compared to INR 1,730.77 million a year ago. Basic earnings per share from continuing operations was INR 10.99 compared to INR 12.49 a year ago. Diluted earnings per share from continuing operations was INR 10.98 compared to INR 12.48 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.