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SJS Enterprises hits 52-week high with 12% surge following robust Q1 earnings

The stock has surged more than 54 percent over the past six months, significantly outpacing the Nifty 50. Additionally, the stock delivered positive returns every month from March to July.

August 02, 2024 / 12:46 IST
SJS Enterprises is one of the leading players in the Indian decorative aesthetics industry in terms of revenue.
     
     
    26 Aug, 2025 12:21
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    Shares of SJS Enterprises rose over 12 percent intraday and hit a 52-week high of Rs 958 after the company posted robust earnings for the quarter ended June. The company's consolidated net profit for Q1 FY25 rose nearly 57 percent YoY to Rs 28.2 crore and revenue increased 61 percent YoY to Rs 188.6 crore.

    At 12.15 PM, shares of SJS Enterprises traded 12 percent higher at Rs 953.45. The stock has gained over 54 percent in the past six months, outperforming the Nifty 50 which gained a little over 13 percent during the same period. The stock gave monthly positive returns from March to July.

    SJS Enterprises is one of the leading players in the Indian decorative aesthetics industry in terms of revenue. It offers a "design-to-delivery" aesthetics solutions provider with the ability to design, develop and manufacture a diverse product portfolio for a wide range of customers primarily in the automotive and consumer appliance industries.

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    In Q1 FY25, SJS Enterprises' EBITDA grew 61 percent YoY to Rs 50.5 crore and EBITDA margin expanded by 50 basis points to 26.6 percent.

    SJS Enterprises' automotive business outperformed the 2-wheeler+passenger vehicle industry growth by more than 2.5 times. SJS's automotive business achieved a YoY growth of 43.1 percent, significantly surpassing the 17 percent YoY growth in the 2W+PV automotive industry's production volumes. SJS Enteprrises attributed its growth to the acquisition of Walter Pack Automotive Products India Private Ltd (WPI) in July and strong growth across the passenger vehicle, consumer segments, and export markets.

    In Q1 FY25, domestic sales of SJS Enterprises surged 66.6 percent YoY, driven by a 104.2 percent YoY growth in the PV business and a 154 percent YoY increase in the consumer segment. Exports also rose 13 percent YoY fueled by the PV and consumer segments.

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Moneycontrol News
    first published: Aug 2, 2024 12:46 pm

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