Suprajit Engineering Q1 FY27 Revenue Up 24%

Date: August 7, 2026

Business Update Context

This document serves as a corrigendum to the press release and investor presentation dated August 6, 2026, correcting an inadvertent error in the name of a division from "Phoenix Lamps & Electricals (PLE)" to "Phoenix Lighting & Electricals (PLE)". The company confirms that revisions are limited only to this nomenclature correction with no change to the substance of the disclosure or any material information.

The document primarily functions as a quarterly business update and financial results presentation for Q1 FY2026-27 (ending June 2026).

Consolidated Financial Performance

| Metric | Q1 FY2025-26 | Q1 FY2026-27 | Growth |

| EBITDA Margin | 9.5% | 12% | |

The company achieved its highest quarterly operating revenue of ₹1,070 crore (₹10,696 million).
Consolidated figures include Suprajit Cable Systems (SCS), whose financials are now clubbed with Global Cables & Mechatronics (GCM).
The above Operational EBITDA is stated without considering non-operational income/expenses & forex gain/loss.
Previous year's figures have been regrouped for comparison.

Standalone Financial Performance

| Metric | Q1 FY2025-26 | Q1 FY2026-27 | Growth |

| EBITDA Margin | 15.5% | 12.8% | |

Group Debt and Investment Position (Values in Million INR)

| Metric | Mar-26 | June-26 |

| Long Term Debt | 2,238 | 2,199 |

| Short Term Debt | 5,612 | 5,556 |

| Total Debt | 7,850 | 7,755 |

| Investment in Mutual Funds & Bonds | 2,365 | 2,431 |

Division-wise Performance Breakdown

Global Cables & Mechatronics Division including SCS (GCM)

Manufactures cables in India, Mexico, USA, Hungary, Morocco, and China for customers outside India & South Asia.

Revenue growth for the quarter was 27.6%, significantly higher than global growth.
EBITDA margin for the quarter was 12.6%, representing growth of 174.6% over Q1 of last year.
The division reported significant inflow of new business wins in Q1 across China, Mexico, and India.
Successfully completed all major restructuring within the division at the end of March 2026.
US OEMs and China's largest OEM are the key drivers of growth.

India Cables & Mechatronics (ICM)

Supplies cables from manufacturing plants in India to serve clients in India and South Asia.

| Metric | Q1 FY2025-26 | Q1 FY2026-27 | Growth |

| EBITDA Margin | 14.9% | 12.8% | |

Revenue growth of 20.8% showing all-round improvements in OEM and aftermarket businesses.
Operational EBITDA grew at 4.2% for the quarter, with margin pressure due to delayed pass-through of raw material and wage increases to customers.
Beyond cables projects ramping up well: Braking products such as CBS grew by over 110%, Brake Shoes and pads by over 80%.

Phoenix Lighting & Electricals (PLE)

Supplies automotive halogen lamps from 3 facilities in India and Luxlite warehouse in Luxembourg to Aftermarket and OEMs.

| Metric | Q1 FY2025-26 | Q1 FY2026-27 | Growth |

| EBITDA Margin | 12.8% | 6.7% | |

Operating revenue increased by 5.4% for the quarter.
Operating EBITDA declined largely due to strategically delayed price increases in the aftermarket business.
Trifa brand sales to Middle East continue to be subdued.
Started ramping up deliveries to USA's largest retailer who awarded significant additional business.

Sensors, Electronics & Displays (SED)

Supplies Digital clusters & Electronic products from manufacturing plant in India.

| Metric | Q1 FY2025-26 | Q1 FY2026-27 | Growth |

| EBITDA Margin | 6.9% | 9.3% | |

Operating revenue grew by 48% due to ramp-ups in new projects.
Operating EBITDA grew by 100% with marked improvement compared to last year.
Strong business momentum in digital clusters and electronic throttle grips.
Undertaking capacity expansion plan due to new business wins.
Won Mahindra last mile mobility award for Extraordinary Performance for 2025 and ACMA award for "Engineering Excellence TPM practice".

Market Context and Challenges

The overall Indian automotive sector grew by 22.1% during the quarter (Passenger Vehicles: 16.8%, two-wheeler: 22.8%).
Global automotive and non-automotive markets had a muted quarter.
Geopolitical conflict in the Middle East continues, impacting oil and commodity prices.
Trade restrictions and global shipping crisis continue to add to business uncertainties.
Significant wage increases in India clubbed with labor shortages due to labor unrest in NCR region, elections in multiple states, resulting in higher employee and admin costs.
Passing of both raw material and wage increases to customers at ICM and PLE divisions is delayed, affecting quarterly results.

Suprajit Technology Center (STC) Update

Continues to launch new programs for products including digital clusters, throttle grips, actuators, sensors, braking products.
Development of ABS with Blubrake and launch of sunroof cables are progressing satisfactorily.
STC and ICM were jointly awarded the Most Innovative Supplier award by Ather.
New STC building progressing well, expected to be completed during Q3 FY27.

Outlook and Guidance

Ongoing turmoil and conflicts in the Middle East remain a major concern, leading to increased oil prices, commodity price increases, inflationary pressures, transportation challenges and supply shortages.
Margin impact in ICM and PLE is expected to be temporary.
The overall guidance provided in the earlier Press Release dated May 25, 2026, holds good despite cost push inflation for the year.

Awards and Recognitions

Bajaj JIPM Excellence award for TPM
TVSM Platinum award TPM Process in QM pillar
Mahindra Supplier Excellence award for Extraordinary Efforts
Ather Valued Partnership for Innovation
ACMA award for Excellence in Manufacturing (SED)

Division Nomenclature Update

The document clarifies the new division naming convention:

DCD is now India Cables & Mechatronics (ICM)
SCD is now Global Cables & Mechatronics (GCM)
PLD is now Phoenix Lighting & Electricals (PLE)
SED remains Sensors, Electronics & Displays (SED)