Automotive and non-automotive components maker Suprajit Engineering expects its global business to sustain growth, supported by new contract wins in the US and rising orders from a leading electric vehicle maker in China, even as it sees India’s automotive industry growth moderating in the second half of FY27.
The company’s Global Cable Mechatronics (GCM) business reported revenue growth of around 24 per cent during the quarter, while EBITDA rose 69 per cent. EBITDA margins improved to over 10 per cent from 7.4 per cent a year earlier. For the first half of the financial year, EBITDA more than doubled.
The US business is gaining traction through market-share gains rather than an improvement in underlying industry demand, which continues to grow at just 1-2 per cent, the management said during the post-results analyst call.
Suprajit has secured several new contracts in the US, taking business away from competitors. In China, demand is being supported by higher offtake from a large electric vehicle manufacturer, providing better growth visibility. Its European business, meanwhile, has remained steady despite economic headwinds.
To support export growth, its subsidiary Suprajit Automotice Limited (SAL), the company’s export arm, is setting up a greenfield cable manufacturing facility in Chennai as part of its expansion plans.
On the domestic front, the management said the Indian automotive industry had benefited from a strong demand environment, growing at over 20 per cent during the quarter, partly due to the reduction in GST rates.
However, growth is expected to moderate in the second half as the GST reduction introduced in September last year creates a higher base of comparison.
Suprajit Engineering reported consolidated revenue of ₹1,135.1 crore during the quarter, up 20.6 per cent from ₹941.02 crore in the corresponding period last year. Consolidated profit after tax stood at ₹53.37 crore, up 4.7 per cent year-on-year.
Published on November 12, 2026
