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Revenue from operations jumped 17.02% year on year to Rs 813.37 crore in the quarter ended 30 September 2023.
Profit before tax surged 183.02% to Rs 41.66 crore in Q2 FY24 as compared with Rs 14.72 crore in Q2 FY23.
EBITDA increased 65.87% to Rs 73.07 crore in Q2 FY24 as against Rs 44.05 crore reported in Q2 FY23. EBITDA margin improved to 9.01% in Q2 FY24 as compared to 6.35% recorded in Q2 FY23.
On half-year basis, the company's net profit jumped 89.12% YoY to Rs 40.19 crore on 7.33% rise in revenue from operations to Rs 1,506.58 crore in H1 FY24 over H1 FY23.
Subros is a manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The company is the only integrated manufacturing unit in India for auto air conditioning systems and thermal products. It caters to all segments viz. passenger vehicles, buses, trucks, refrigeration transport and railways.
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