Suprajit Engineering announced the following Q2 business update:
Q2 group sales were the highest ever recorded in the history of
the Company (previous high was Rs. 430 crores in Q4 2018©\19).
Q2 group sales were about Rs. 450+ crores, higher by about 15% compared to Q2
of last year.
All divisions, except Trifa and Luxlite, had record sales.
Indian aftermarket had the highest quarterly sales with a growth in excess of 30%
compared to Q2 of last year.
Domestic Cable Division had a growth of 13% compared to Q2 of last year.
Phoenix Lamps Division (with its subsidiaries ¨C Luxlite & Trifa) had a growth of 26%
compared to Q2 of last year.
The SENA division had a growth of 10 %, compared to Q2 of last year.
Global automotive cable business (SAL & SEU together) had a growth of 10%
compared to Q2 of last year.
The salary cuts in the range of 5% to 30% based on graded scale from May
onwards, have now been reverted to normal.
Operational financial performance of Q2 is expected to be normal despite
Covid©\19 challenges.
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