Suprajit Engineering Corrects Press Release Name Error
Suprajit Engineering Ltd has issued a corrigendum to its press release and investor presentation dated August 6, 2026. The correction rectifies an inadvertent error where "Phoenix Lamps & Electricals (PLE)" was mistakenly referred to as "Phoenix Lighting & Electricals (PLE)". The company assures that this correction does not alter the substance of the previously disclosed information or any material details. The filing also includes a business update highlighting a 24% consolidated revenue growth and a 57.5% EBITDA growth for Q1 FY27, reaching a record ₹1070 Cr in operating revenue. Despite challenges in global markets and increased costs in India, the company's performance, particularly in the GCM, ICM, and SED segments, remains strong.
Key Highlights
- Correction made to "Phoenix Lamps & Electricals (PLE)" name in prior filings.
- Consolidated revenue grew 24% to ₹1070 Cr in Q1 FY27.
- EBITDA surged 57.5% to ₹1287 Cr in Q1 FY27.
- Indian automotive sector shows strong growth, while global markets are muted.
- Increased costs in India due to wage hikes and labor shortages impact margins.
Price Impact
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