Suprajit Engineering · tone and specificity signals across the available quarters.
Language signals
GCM continues to work with our customers and also with some of the governments for a fair recovery of the tariffs particularly in USA and uh we have certain VAT back recoveries in China, Canada and Germany which was a part of the acquisitions.
This quarter was very strong for new business wins also and we have recorded business wins across India, Mexico, China which I think is showing the customers' various preferences particularly with the kind of global footprint that we have today.
What we are doing is we're relocating the plant uh except a part of it and then completely rebuilding and coming out with a multi-story electronics division. I think the original plan at which we said that okay we probably this place is okay for some say let's say 250 crores of business but now we are seeing much higher traction.
The hero of the day is our SCD or the Suprajit Controls Division... operational EBITDA grew strongly, almost by 50%, and we have achieved a double-digit EBITDA of 11.6%
There is a consolidation of the business and consolidation of vendors and the strongest last man standing will gain with this. I think that's what we are seeing now
Suprajit is no longer just looked at as a cable provider. We are being looked at as a technology provider. That pivot has happened in their mind
The heavy lifting of the significant restructuring is all behind us. Hence the outlook is good. Of course this is subject to what happens in Middle East or the commodity prices which are the standard caveats I would say. But we are in a good place now compared to what we were a year ago.
SCS turned EBITDA positive. For us this was extremely important to ourselves in the market, yes we can do it and we could prove this to even critical customers in Europe that we can take over a distressed asset and then with their help we will be able to turn it around.
This is operational excellence, operational turnaround which is largely responsible for this margin increase. Not tariff recovery—tariff recovery will be some unrecovered past which will be passed back on by us but significantly the restructuring that we have done not only at SCS but within the controls division is what is bringing that margin up.