Suprajit Engineering Ltd-$ — Q1 FY27 earnings call
Summary generated by AI from the official transcript Suprajit Engineering Ltd-$ filed with BSE on 13 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Suprajit reported consolidated revenue growth of 24% and EBITDA growth of 57% for Q1 FY27, with the highest ever quarterly operating revenue of Rs 1,070 crores, while standalone margins came under pressure from raw material and wage cost increases. Management said the Global Cables and Mechatronics division saw margins move from 5.8% to 12.6% following completed restructuring, while India Cables and Mechatronics and Phoenix Lighting and Electricals saw margin declines attributed to a timing lag in passing through cost increases. Management reiterated that full-year guidance issued in the May 2026 press release remains unchanged.
Numbers mentioned
Consolidated revenue: INR1,070 crores (Q1 FY27)
p. 3
“The consolidated revenue for the quarter ended June 2026 was INR1,070 crores as against INR863 crores for the corresponding previous year, recording a growth of 24%.”
Medappa Gowda J., page 3 of the filed PDF · View the filing
Consolidated operational EBITDA: INR129 crores (Q1 FY27)
p. 3
“The consolidated operational EBITDA for the quarter ended June 2026 was INR129 crores as against INR82 crores for the corresponding previous year, recording a growth of 57%.”
Medappa Gowda J., page 3 of the filed PDF · View the filing
Standalone revenue: INR470 crores (Q1 FY27)
p. 3
“The stand-alone revenue for the quarter ended June 2026 was INR470 crores against INR390 crores for the previous year, recording a growth of 20%.”
Medappa Gowda J., page 3 of the filed PDF · View the filing
Standalone operational EBITDA: INR60 crores (Q1 FY27)
p. 4
“The stand-alone operational EBITDA for the quarter ended June 2026 was INR60 crores against INR61 crores for the corresponding previous year, recording a degrowth of 0.3%.”
Medappa Gowda J., page 4 of the filed PDF · View the filing
Total debt: INR776 crores (as on June 2026)
p. 4
“The total debt level was INR776 crores as on June 2026.”
Medappa Gowda J., page 4 of the filed PDF · View the filing
Surplus cash balance: INR243 crores (as on June 2026)
p. 4
“Surplus cash balance was INR243 crores as on June 2026 invested in the mutual funds and bonds.”
Medappa Gowda J., page 4 of the filed PDF · View the filing
GCM revenue growth: 27% (almost 28%) (Q1 FY27)
p. 4
“First of all, the revenue went up by 27% almost 28% and EBITDA moved very smartly from 5.8% to 12.6%.”
Mohan Nagamangala, page 4 of the filed PDF · View the filing
ICM revenue growth: 21% (Q1 FY27)
p. 5
“Revenues went up by almost 21%.”
Mohan Nagamangala, page 5 of the filed PDF · View the filing
ICM EBITDA margin: 13%, down from 15% (Q1 FY27)
p. 5
“But EBITDA grew only by 4.2% with the margins down from almost 15% to 13%.”
Mohan Nagamangala, page 5 of the filed PDF · View the filing
PLE revenue growth: 5.4% (Q1 FY27)
p. 5
“Our revenues went up by 5.4%, but EBITDA went down by 45%.”
Mohan Nagamangala, page 5 of the filed PDF · View the filing
PLE EBITDA margin: 6.7%, down from 9.5% (Q1 FY27)
p. 5
“Margins went down 2.8% to 6.7%, primarily due to delayed price increases and in particularly in the aftermarket business.”
Mohan Nagamangala, page 5 of the filed PDF · View the filing
SED revenue growth: 48% (Q1 FY27)
p. 5
“Revenue is up 48%, EBITDA up 100%, margins close to double digits.”
Akhilesh Rai, page 5 of the filed PDF · View the filing
CBS revenue growth: 110% (Q1 FY27)
p. 5
“The CBS revenues went up by 110%, brake shoes and brake pads went up by around 80%.”
Mohan Nagamangala, page 5 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Consolidated growth and EBITDA margin — double digit growth, 12% to 13.5% EBITDA margin · FY27
stated firmly by K. Ajith Kumar Rai
p. 11
“we have said that on a consolidated basis, we will grow in double digits and that the EBITDA margin range would be these are all operational numbers you are talking, 12% to 13.5%.”
K. Ajith Kumar Rai, page 11 of the filed PDF · View the filing
GCM growth and EBITDA margin — double-digit growth, 10% to 12% EBITDA margin · FY27
stated firmly by K. Ajith Kumar Rai
p. 11
“We have said the Global Cables and Mechatronics will also have a double-digit growth with the EBITDA margin operationally at between 10% to 12%.”
K. Ajith Kumar Rai, page 11 of the filed PDF · View the filing
GCM EBITDA margin — 10% to 12%
stated firmly by K. Ajith Kumar Rai
p. 7
“That 10% to 12% at GCM is very much on the cards. Right now, it is on the higher side, a little bit, yes.”
K. Ajith Kumar Rai, page 7 of the filed PDF · View the filing
ICM and PLE margin recovery — Q2, Q3
stated conditionally by Mohan Nagamangala
p. 5
“And new prices are now in effect, and we expect a recovery going forward in Q2, Q3.”
Mohan Nagamangala, page 5 of the filed PDF · View the filing
India wage cost recovery — most of that lost 100 basis points · Q2, Q3
stated conditionally by K. Ajith Kumar Rai
p. 7
“So my view is that by Q2, Q3, let's say, latest, we should be recovering most of that lost 100 basis points here and there on the wage.”
K. Ajith Kumar Rai, page 7 of the filed PDF · View the filing
India standalone margin versus last year — plus/minus 50 basis points
stated conditionally by K. Ajith Kumar Rai
p. 16
“I would say almost like similar, let's say, taken, let's say, plus/minus 50 basis points probably.”
K. Ajith Kumar Rai, page 16 of the filed PDF · View the filing
STC building completion — Q3
stated firmly by Akhilesh Rai
p. 6
“The new STC building is on track now for completion in Q3, and we would look forward to hosting our investors there sometime.”
Akhilesh Rai, page 6 of the filed PDF · View the filing
Electronics division relocation — six months or so
stated firmly by K. Ajith Kumar Rai
p. 15
“I think in the next, I don't know, the time line, maybe six months or so, we'll be completely relocating to that site and completely rebuilding the current plant by demolishing and coming out with a much larger facility for electronics.”
K. Ajith Kumar Rai, page 15 of the filed PDF · View the filing
SED growth continuation — next 12 months
stated as an aspiration by Akhilesh Rai
p. 14
“So our business is looking strong for at least the next 12 months, we see a good traction to continue at these levels that we see this quarter.”
Akhilesh Rai, page 14 of the filed PDF · View the filing
PLE guidance — about 12% · FY27
stated firmly by K. Ajith Kumar Rai
p. 11
“PLD, that is Phoenix Lighting and Electricals, we have again said around last year, which is about 12%.”
K. Ajith Kumar Rai, page 11 of the filed PDF · View the filing
SED margin guidance — touching 10% · FY27
stated firmly by K. Ajith Kumar Rai
p. 12
“And yes, SED, we have said, again, in line with the last year, which was touching 10%.”
K. Ajith Kumar Rai, page 12 of the filed PDF · View the filing
PLE opportunity from insolvency situation — next three to six months
stated as an aspiration by K. Ajith Kumar Rai
p. 15
“I'm pretty sure that we will capitalize on it over the period of next three to six months' time.”
K. Ajith Kumar Rai, page 15 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said there were no material one-offs and attributed the improvement to restructuring, leaner operations, and top-line growth.
Answered by K. Ajith Kumar Rai
Asked by Viraj: Whether the GCM margin expansion this quarter included any one-off items or FX gains.
p. 7
“I think one is please understand the restructuring has made our operations very tight. And it is much leaner now compared to what it was earlier.”
K. Ajith Kumar Rai, page 7 of the filed PDF · View the filing
Management said SCS entities have been merged operationally into GCM and separate disclosure no longer has meaning.
Answered by K. Ajith Kumar Rai
Asked by Anubhav Mukherjee: Whether SCS revenue and EBITDA margin could be disclosed separately for Q1.
p. 8
“So separately disclosing has got no meaning anymore, which you have explained earlier con calls also.”
K. Ajith Kumar Rai, page 8 of the filed PDF · View the filing
Management said July was strong and expects continued strong double-digit growth, though the reported 27% overstates true growth due to a base effect from the SCS Canada/China acquisition timing.
Answered by K. Ajith Kumar Rai
Asked by Anubhav Mukherjee: What growth to expect in GCM for the rest of FY27.
p. 8
“But compared to last, still strong double-digit growth for this quarter also for GCM.”
K. Ajith Kumar Rai, page 8 of the filed PDF · View the filing
Management attributed the decline to currency restatement effects on loans, creditors/debtors and forward covers that were large last year due to rupee movement but stable this year.
Answered by K. Ajith Kumar Rai
Asked by Anubhav Mukherjee: Why other income dropped sharply versus last year.
p. 8
“Since March now, it is more or less stable. So that fluctuation isn't there. So there is no delta there. That's why that amount for the first quarter is much smaller.”
K. Ajith Kumar Rai, page 8 of the filed PDF · View the filing
Management said it focuses on braking and other agnostic products rather than the drivetrain, and is supplying to nearly all EV players in India.
Answered by Akhilesh Rai
Asked by Rakesh: How Suprajit is positioning for the EV powertrain shift given its product portfolio.
p. 9
“So our focus has been on the stopping side and looking at braking as a key technology going forward.”
Akhilesh Rai, page 9 of the filed PDF · View the filing
Management said tariff recovery is a double-edged situation because relief given to customers must also be returned, so the net benefit is not significant.
Answered by K. Ajith Kumar Rai
Asked by Gokul Maheshwari: Whether tariff recoveries occurred this quarter.
p. 11
“Yes, please understand tariff recovery is a double-edged sold. If the customer has given the tariff relief to us, we'll have to give it back to them.”
K. Ajith Kumar Rai, page 11 of the filed PDF · View the filing
Management restated consolidated and segment-level revenue growth and margin guidance for FY27.
Answered by K. Ajith Kumar Rai
Asked by Nishita Shanklesha: Request to reiterate full year guidance for new participant.
p. 11
“We have said the Global Cables and Mechatronics will also have a double-digit growth with the EBITDA margin operationally at between 10% to 12%.”
K. Ajith Kumar Rai, page 11 of the filed PDF · View the filing
Management cited three large disclosed contracts with lifetime values ranging from USD 6 million to USD 37 million, spread across multiple plants, and said order inflows remain strong.
Answered by K. Ajith Kumar Rai
Asked by Jinal: What is driving the large order wins with US and Chinese OEMs and their revenue contribution over the next few years.
p. 13
“One is the largest EV cable contract, which is an annualized value of USD 5 million and a lifetime of about USD 37 million.”
K. Ajith Kumar Rai, page 13 of the filed PDF · View the filing
Management said margins should be broadly similar, plus or minus 50 basis points, with wage increases being the harder item to pass through versus material costs.
Answered by K. Ajith Kumar Rai
Asked by Chirag Shah: Whether India standalone margins will return to last year's level once cost pass-through completes.
p. 16
“The only problem is not about passing on the material cost increase, Chirag. I think the issue is about the wage increases.”
K. Ajith Kumar Rai, page 16 of the filed PDF · View the filing
Management said the company has won around 25 cable projects with the Chinese OEM, five or six already launched, driving roughly 20% growth at the Lone Star China operation versus a flat industry.
Answered by K. Ajith Kumar Rai
Asked by Devesh Kayal: How the Chinese OEM relationship has grown and its revenue contribution.
p. 21
“I think we have won nearly 25 different, different cable projects with this customer.”
K. Ajith Kumar Rai, page 21 of the filed PDF · View the filing
Risks flagged
Global automotive and non-automotive markets have stayed muted amid geopolitical and commodity pressures.
p. 3
“Global automotive and non-automotive business have been not growing. They also stayed muted.”
K. Ajith Kumar Rai, page 3 of the filed PDF · View the filing
Sharp rise in raw material prices affecting India operations.
p. 4
“the raw material prices are really gone sky high.”
Mohan Nagamangala, page 4 of the filed PDF · View the filing
Employee cost increases in the NCR region due to labor migration during elections.
p. 4
“Therefore, we had a lot of migration of labor going back to their vote to vote in their constituency.”
Mohan Nagamangala, page 4 of the filed PDF · View the filing
Delay in passing through wage cost increases to customers is pressuring ICM margins.
p. 5
“We haven't yet passed through all these raw material and wages increase to the customer.”
Mohan Nagamangala, page 5 of the filed PDF · View the filing
Delayed price increases in the aftermarket business hurt PLE margins.
p. 5
“Margins went down 2.8% to 6.7%, primarily due to delayed price increases and in particularly in the aftermarket business.”
Mohan Nagamangala, page 5 of the filed PDF · View the filing
Soft Trifa sales in the Middle East.
p. 5
“Trifa sales in Middle East still remains soft.”
Mohan Nagamangala, page 5 of the filed PDF · View the filing
A European competitor's insolvency creates uncertainty in the PLE market.
p. 15
“The insolvency in Europe, which is still an ongoing, they're still operating.”
K. Ajith Kumar Rai, page 15 of the filed PDF · View the filing
Non-automotive cable business in the US has remained muted for two years.
p. 20
“They have continued in the last two years, unfortunately, I would say, it has remained very muted.”
K. Ajith Kumar Rai, page 20 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.