Shares of SJS Enterprises Ltd. surged by 12% to touch a day’s high of Rs 958 on 2 August, after strong Q1FY25 results amid an otherwise weaker market.

Profit after tax (PAT) jumped 56.6% year-over-year to Rs 28.24 crore. In Q1FY24, the company’s profit was Rs 18.03 crore. The increase in profit is attributed to healthy operational performance. SJS Enterprises specialises in decorative aesthetics.

EBITDA grew 60.8% year-over-year to Rs 50.5 crore. Margins improved to 26.6% from 26.1%. The improvement in margins was due to significant gains in SJS standalone margins.

Revenue grew 60.9% year-over-year to Rs 188.6 crore. The automotive market (2W+PV) saw 17% year-over-year growth. Growth was driven by WPI acquisitions and strong business in passenger vehicles (PV), consumer segments, and some exports.

Exotech and WPI acquisitions enhance the company’s portfolio. These acquisitions provide cross-selling opportunities and improve the company’s order book outlook. Walter Pack India strengthens SJS for long-term growth and profitability.

The company aims for revenue growth over 1.5 times the industry rate and plans to maintain strong EBITDA margins.

Growth will be supported by premiumisation, new customer acquisitions, deeper OEM relationships, strong exports, and the WPI acquisition.

Dixon Technologies’ addition as a new customer creates opportunities in consumer durables. The company continues to secure business with major accounts such as Stellantis, Mahindra & Mahindra, Tata, TVS, Honda, Yamaha, Continental, Bajaj Auto, Royal Enfield, Foxconn, and Syrma.

Since April in FY2024-25, the stock has surged 57%.

At 11:18 AM, the shares of SJS Enterprises were trading 8.41% higher at Rs 924.10 on BSE.

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