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Dolat Capital Report
Despite several headwinds, Suprajit Engineering Ltd. posted decent numbers in Q4 led by strong aftermarket and impressive performance of non-auto cable business.
Management stated that acquisition of new business in domestic automotive cable division, incremental revenue from light duty cable business and strong order back log of Suprajit Engineering Non-automotive division to propel FY23 growth.
We expect margin will see gradual recovery with softening in commodity prices, easing off chip shortage issue and cost cutting measures, margin of Phoenix lamp will also improve in Q1 due to price hikes taken in Q4.
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