New Delhi, India, January 30, 2025 – Subros Limited (NSE: SUBROS, BSE: 517168), a leading manufacturer of automotive thermal products, has announced its unaudited financial results for the third quarter and nine months ended December 31, 2024. The company reported strong revenue growth and profitability, reflecting robust demand, cost efficiency measures, and strategic expansions.
Revenue Growth: The company reported YoY revenue growth of 12.1% in Q3 and 10.5% for the nine-month period, supported by strong demand across product segments.
Improved Margins: Higher cost efficiency and product diversification resulted in a significant increase in profitability.
EPS Surge: Earnings per share (EPS) grew 22.4% YoY in Q3 and 55.6% for the nine-month period, indicating strong profitability per share.
Operational Investments: The company continued its focus on new plant setups, technology introduction, and business expansion.
Corporate Announcements
1. Reappointment of Chairperson & Managing Director
The Board unanimously approved the reappointment of Ms. Shradha Suri (DIN: 00176902) as Chairperson & Managing Director (CMD) for another three-year term, effective May 12, 2025, subject to shareholder approval via Postal Ballot.
Ms. Shradha Suri’s Profile & Contributions
Holds a Master’s degree in International Marketing Management (London, U.K.) and Information Systems (LSE, U.K.).
Over 20 years of experience in the automotive industry.
President (2023-25) of the Automotive Components Manufacturers Association (ACMA).
Member of the National Council of Confederation of Indian Industry (CII).
Led Subros’ growth in business planning, operations, new product development, and revenue expansion.
Under her leadership, Subros has seen consistent revenue and profitability growth.
Regulatory Compliance: Ms. Suri is not debarred from holding any office as per SEBI or any other authority regulations.
2. Postal Ballot for CMD Reappointment
The company will conduct a Postal Ballot to seek shareholder approval for the reappointment of Ms. Shradha Suri as CMD.
Auditor’s Review
The Limited Review Report by Price Waterhouse Chartered Accountants LLP confirmed that the financial statements comply with Indian Accounting Standards (Ind AS 34) and SEBI Listing Regulations.
The report did not indicate any material misstatements, reinforcing the company’s financial transparency and compliance.
Strategic Outlook
With sustained revenue growth, cost efficiencies, and strong leadership, Subros is well-positioned for future expansion in the automotive thermal solutions industry. The reappointment of Ms. Shradha Suri ensures continuity in the company’s long-term strategic vision.
Final Takeaway
Subros Limited continues to demonstrate strong financial resilience, supported by strategic expansions, operational efficiencies, and market demand. The company’s solid earnings growth and leadership stability reinforce its long-term growth trajectory in the Indian auto component sector.
