Subros reported a 9.6% year-on-year increase in consolidated net profit to ₹44.6 crore for the second quarter, compared with ₹40.7 crore in the corresponding quarter last year. Revenue rose 36.3% to ₹1,199 crore from ₹880 crore in the year-ago period.
Earnings before interest, tax, depreciation and amortisation increased 22.8% year-on-year to ₹84.1 crore from ₹68.5 crore. However, the EBITDA margin declined to 7% from 8% in the corresponding quarter last year. The company's revenue increased by ₹319 crore year-on-year, while net profit rose by ₹3.9 crore during the quarter.
EBITDA grew by ₹15.6 crore to ₹84.1 crore. However, the EBITDA margin contracted by one percentage point to 7% from 8% in the year-ago quarter. Subros share priceSubros shares closed at ₹585 on the BSE, down ₹11.65, or 1.95%, during the trading session.
The stock opened at ₹606.95. It has a 52-week high of ₹1,098.55 and a 52-week low of ₹571.30. About SubrosSubros Limited was incorporated in 1985 as a joint venture public limited company involving the Suri family of India, Denso Corporation of Japan and Suzuki Motor Corporation of Japan.
Their respective ownership stakes are 36.79%, 20% and 11.96%. The company manufactures and supplies automotive air-conditioning products for major passenger and commercial vehicle manufacturers. It also has a technical collaboration with Denso Corporation.