Subros Ltd Share Price – NSE  /  BSE

Auto Ancillaries, Small Cap

Net profit of Subros rose 225.18% to Rs 26.86 crore in the quarter ended December 2023 as against Rs 8.26 crore during the previous quarter ended December 2022. Sales rose 11.90% to Rs 732.48 crore in the quarter ended December 2023 as against Rs 654.60 crore during the previous quarter ended December 2022.

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Subros will hold a meeting of the Board of Directors of the Company on 30 January 2024.

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The company said that it is already a supplier of rail driver cabin air conditioning system to Indian Railways and the focus om coach air-conditioners is in the line with its strategic direction to expand firm’s business in Railway Electric Mobility segment.

Subros is a manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The company is the only integrated manufacturing unit in India for auto air conditioning systems and thermal products. It caters to all segments viz. passenger vehicles, buses, trucks, refrigeration transport and railways.

The company reported consolidated net profit of Rs 26.76 crore in Q2 FY24, steeply higher than Rs 9.73 crore posted in Q2 FY23. Net sales stood at Rs 813.37 crore in Q2 FY24, up 17% YoY.

The counter hit an all time high of Rs 530 in today’s intraday session.

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Revenue from operations jumped 17.02% year on year to Rs 813.37 crore in the quarter ended 30 September 2023.

Profit before tax surged 183.02% to Rs 41.66 crore in Q2 FY24 as compared with Rs 14.72 crore in Q2 FY23.

EBITDA increased 65.87% to Rs 73.07 crore in Q2 FY24 as against Rs 44.05 crore reported in Q2 FY23. EBITDA margin improved to 9.01% in Q2 FY24 as compared to 6.35% recorded in Q2 FY23.

On half-year basis, the company's net profit jumped 89.12% YoY to Rs 40.19 crore on 7.33% rise in revenue from operations to Rs 1,506.58 crore in H1 FY24 over H1 FY23.

Subros is a manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The company is the only integrated manufacturing unit in India for auto air conditioning systems and thermal products. It caters to all segments viz. passenger vehicles, buses, trucks, refrigeration transport and railways.

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