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S.J.S. Enterprises Ltd - 543387 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper publication for Unaudited Financial results (Standalone and consolidated) for the quarter ended June 30, 2023
28-07-2023
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Q1FY24 Quarterly Result Announced for SJS Enterprises Ltd.

Auto Parts & Equipments company SJS Enterprises announced consolidated Q1FY24 results: Revenue at Rs 1,172.5 million, 13.6% YoY growth, despite subdued market growth Witnessed 18.6% YoY growth in the automotive segment (2W+PV) compared to 2.3% YoY growth in industry production volumes EBITDA grew 12.8% YoY to Rs 313.8 million; robust EBITDA margins at 26.1% Net Profit at Rs 180.0 million, with margins at 15.4% New business wins and exports market recovery led to strong 90.8% YoY growth in export revenue Strong Cash & cash equivalents position of Rs 2,849.7 million as on 30th June’23 Added new customers – Autoliv and Toyota Tsusho Continued winning new business with mega customer accounts like M&M;, TVS, Honda, Hyundai, Visteon, Continental, and Bajaj Auto among others SJS completed the transformative acquisition of a 90.1% stake in Walter Pack India (WPI), a leading player in IMD/ IML and IMF technology, for a consideration of Rs 2,393 million Commenting on Company’s performance and acquisition, K. A. Joseph, Managing Director & Co-Founder, SJS Enterprises, said, “We are happy to announce our Q1FY24 performance. It is the 15th consecutive quarter of SJS outperforming industry production volume growth. New business wins and gradual export recovery have led to 90.8% YoY growth in our export revenue. We also completed our 2nd and much larger acquisition of WPI, which we believe will give us a huge technological advantage. Looking at the improving export market outlook and WPI business performance, I am confident that both exports and inorganic strategy will be the driving force of our future growth in the medium term. As for FY24, we maintain our stance of ~50% YoY growth in revenue and ~40% YoY growth in PAT driven by robust margins of the business and WPI acquisition.” Commenting on Company’s performance, Sanjay Thapar, Executive Director & CEO, SJS Enterprises, said, “Strong performance delivered by SJS on the automotive and exports front. We added 2 more customers, Toyota Tsusho and Autoliv for IML parts. These new technology product categories are picking up a lot of traction and will see strong growth in the medium term of the next 3-5 years. One of the primary reasons for the WPI acquisition was its presence in emerging technologies and increasing demand for the same in the future. We believe that going ahead premiumisation and futuristic technologies will propel our growth in the right direction. We intend to increase kit value per vehicle with the addition of these new premium products. We are already seeing this play out with the addition of chrome-plated parts (Exotech), IMD, IML, and IMF products (WPI) as well as at SJS where we are working on the introduction of new products like optical plastics and cover glass.“ Result PDF
26-07-2023
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S.J.S. Enterprises Ltd - 543387 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

SJS OUTPERFORMS AUTOMOTIVE (2W+PV) INDUSTRY FOR 15TH CONSECUTIVE QUARTER IN Q1FY24
26-07-2023
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S.J.S. Enterprises Ltd - 543387 - Results-Financial Results For 30.06.2023

Results-Financial Results for 30.06.2023
26-07-2023
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S.J.S. Enterprises Ltd - 543387 - Board Meeting Intimation for BOARD MEETING INITMATION FOR THE MEETING TO BE HELD ON 26TH JULY, 2023

S.J.S. Enterprises Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/07/2023 ,inter alia, to consider and approve S.J.S. Enterprises Limited informed exchange that the meeting of the Board of Directors of the Company is scheduled on 26/07/2023 ,inter alia, to consider and approve The unaudited Financial Results of the Company as per Indian Accounting Standard (IND-AS) for the quarter ended June 30, 2023.
20-07-2023
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Broker's call: SJS Enterprises (Buy)

JM Financial
11-07-2023
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