SJS Enterprises’ shares rose more than 13% to a new high on Friday, August 2, after reporting the company’s strong financial results for the quarter ending June 2024 (Q1FY25).
In Q1FY24, the decorative aesthetics firm recorded a ₹18.03 crore profit after tax (PAT), a remarkable year-on-year (YoY) growth of 56.6 percent. This strong result was due to effective operational execution and strategic efforts.
Furthermore, the company’s YoY sales growth was impressive, rising from ₹117.25 crore to ₹188.6 crore, or a 60.9 percent increase. The automotive market (2W+PV) saw a YoY gain in the company of 17%, mainly due to the WPI acquisition and robust growth in the passenger car (PV) and consumer categories, along with exports.
With a YoY rise in the automotive business of 43.1 percent compared to a YoY growth in the whole automotive industry (2W+PV) production volumes, this is the 19th consecutive quarter in which SJS has outperformed.
As of 2:13 pm, SJS Enterprises shares were trading 13.05% higher at Rs 963.70.
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