Suprajit Engineering announced that the relocation of the manufacturing facility of Shanghai Lone Star Cable Co., is now fully operational and the new plant was inaugurated by Fang Wei, the Mayor of Qingcun Town, Fengxian, K. Ajith Kumar Rai, Founder & Chairman and James Ryan, President -Global Operations, Suprajit Group today.Powered by Capital Market - Live News

Suprajit Engineering announced the launch of its �Braking Products Division�. This division has been setup in a fully renovated and refurbished plant at plot no 132, Bommasandra Industrial Area, Bangalore 560099. The division will start deliveries in this quarter to select OEM customers and aftermarket. The braking division will house brake shoes, brake pads, brake liners, CBS, Mechanical Disc Brake Systems (MDBS) and offer a comprehensive range of braking products for its valued customers. The braking division`s financials will be declared within the Domestic Cable Division (DCD), for the time being. Powered by Capital Market - Live News

Suprajit Engineering announced that the Board of Directors of the Company at its meeting held on 14 February 2024, inter alia, have recommended the interim dividend of Rs 1.1 per equity Share (i.e. 110%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Suprajit Engineering rose 5.81% to Rs 40.25 crore in the quarter ended December 2023 as against Rs 38.04 crore during the previous quarter ended December 2022. Sales rose 4.64% to Rs 724.18 crore in the quarter ended December 2023 as against Rs 692.10 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales724.18692.10 5 OPM %12.0511.69 - PBDT83.0375.70 10 PBT57.1850.98 12 NP40.2538.04 6 Powered by Capital Market - Live News

Suprajit Engineering will hold a meeting of the Board of Directors of the Company on 14 February 2024.Powered by Capital Market - Live News