The shares of leading players in the decorative aesthetics industry gained up to 4.4 percent after the company’s net profit and revenue increased by 21 percent and 28 percent YoY, respectively in the third quarter.
With a market capitalization of Rs 1,910.54 crore, the shares of S.J.S. Enterprises Ltd were trading at Rs 615.55 per share, increasing around 2.20 percent as compared to the previous closing price of Rs 602.30 apiece.
Looking into the company’s Performance, S.J.S. Enterprises Ltd’s revenue increased by 4 percent on a quarter-on-quarter basis from Rs.87 crores in Q2FY24 to Rs. 91 crores in Q3 FY24. Further, revenue increased by 28 percent year on year from Rs. 71 crore in Q3FY23 to Rs. 91 crore in Q3FY24.
S.J.S. Enterprises Ltd’s net profit increased by 6 percent on a quarter-on-quarter basis from Rs.16 crore in Q2FY24 to Rs. 17 crore in Q3FY24. Further, net profit increased by 21 percent yearly from Rs 14 crore in Q3FY23 to Rs.17 crore in Q3FY24.
The SJS automotive business exceeded the 2W+PV sector growth by more than two times, with a YoY increase of 36.9% vs 16.3% for car industry production volumes.
The company’s cash and cash equivalents increased to Rs 338.2 Mn as of December 31, 23; free cash flow to the business for Q3FY24 was Rs 512.7 Mn; and the company’s net debt was decreased by more than half to Rs 220.1 Mn as a result of excellent cash flow creation.
SJS was the first printing firm in India to receive quality system accreditation for new technology, ‘Optical Cover Glass’, bringing us closer to our strategic goals.
Overall domestic sales increased by 51.9% year on year, driven by 54.4% growth in the PV sector and 217.4% growth in the consumer industry. Exports increased 39.7% year on year, driven by 88.7% growth in the PV industry and 47.3% growth in the consumer market.
SJS Enterprises Ltd. (SJS) is a revenue leader in India’s ornamental aesthetics business. It provides “design-to-delivery” aesthetic solutions.
Written by:- Abhishek singh
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