Suprajit Engineering provides 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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