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Quarterly Results

SJS · S.J.S. Enterprises Limited · NSE · Filed 6 Aug · 1 min read

SJS Enterprises Posts Record Quarter, Approves Cover Glass Unit and Full WPI Ownership

Reported profit includes a one-time land-sale gain, and the board cleared a new Cover Glass subsidiary plus a step-up to full ownership of WPI.

What was filed

SJS Enterprises submitted a press release on its unaudited consolidated results for the quarter ended June 30, 2026. The company described the quarter as its highest-ever quarterly revenue and profitability since its IPO, and its 27th consecutive quarter of growing faster than the underlying automotive industry. It attributed revenue growth to the passenger-vehicle segment and to exports, which it said contributed 9.8% of total revenue in the quarter.

A one-time gain inside the profit line

A material part of the reported profit is not operational. Per the filing, reported PAT includes a one-time post-tax gain from the sale of the erstwhile Bengaluru facility, which the company said had not been in use since 2019. Stripped of that gain, the company reported a lower normalised PAT — a distinction worth keeping in view when reading the headline profit growth. The company also stated a debt-free balance sheet and a net cash position.

Structural decisions alongside the numbers

Beyond the quarter's financials, the board approved the incorporation of a wholly owned subsidiary for a Cover Glass & Display business, and management said the board approved the acquisition of a 9.9% stake in WPI, after which WPI will become a wholly owned subsidiary of SJS. The company also noted that its subsidiary SDPL's new Pune manufacturing facility commenced commercial operations in August 2026, that its in-house R&D centre received DSIR recognition, and that it secured new business wins with several OEMs including Mahindra & Mahindra, Tata Motors, TVS Motor, Royal Enfield and Hero MotoCorp.

Revenue (Q1 FY27)
Rs 2,610.0 mn
Revenue growth YoY
24.5%
EBITDA (Q1 FY27)
Rs 799.6 mn
EBITDA margin
30.0%
PAT (Q1 FY27, reported)
Rs 744.2 mn
PAT margin (reported)
28.5%
One-time post-tax gain
Rs 241.7 mn
Normalised PAT
Rs 502.5 mn
Normalised PAT margin
19.3%
Net cash position (as of Jun 30, 2026)
Rs 3,287.7 mn
Free cash flow (Q1 FY27)
Rs 837.5 mn
Exports growth YoY
83.2%
WPI stake to be acquired
9.9%
ROE / ROCE
20.3% / 37.2%

For a holder, the quarter pairs record operational results with a one-time land-sale gain embedded in reported profit, so the normalised-versus-reported distinction matters when reading the numbers. The board's approval of a new Cover Glass subsidiary and a move to full ownership of WPI are changes to the group's structure disclosed alongside the results.

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