SJS Enterprises Q2 profit rises 23% as revenue gains 8.7%

S.J.S. Enterprises Limited reported standalone net profit of Rs 39.771 crore for the quarter ended 30 September 2026, up 23.0% from Rs 32.319 crore a year earlier, as revenue from operations increased 8.7% to Rs 157.935 crore. Profit growth therefore exceeded the year-on-year rise in standalone revenue.

How did SJS Enterprises perform in the September 2026 quarter?

SJS Enterprises reported standalone revenue from operations of Rs 157.935 crore for the quarter ended 30 September 2026, compared with Rs 145.306 crore for the quarter ended 30 September 2025. The increase of Rs 12.629 crore represented 8.7% year-on-year growth.

Standalone profit before exceptional items and tax rose to Rs 53.365 crore from Rs 43.404 crore, an increase of 22.9%. Profit before tax was also Rs 53.365 crore in the September 2026 quarter, while net profit after tax was Rs 39.771 crore, indicating that no exceptional item was reported for that quarter.

SJS Enterprises’ net profit increased by Rs 7.452 crore, faster than the Rs 12.629 crore revenue increase. Total comprehensive income rose by Rs 6.223 crore to Rs 38.993 crore, which was below net profit because the results also included other comprehensive income movements.

Why did SJS Enterprises’ profit grow faster than revenue?

SJS Enterprises’ reported profit before exceptional items and tax increased 22.9%, compared with 8.7% revenue growth, establishing that earnings before exceptional items and tax expanded faster than sales in the September 2026 quarter. The filing does not provide standalone expense-line details or attribute the movement to a product, customer, input cost, pricing action or other specific factor.

Based on the reported standalone figures, profit before exceptional items and tax was 33.8% of revenue in the September 2026 quarter, compared with 29.9% a year earlier. Net profit after tax was 25.2% of revenue, compared with 22.2% in the quarter ended 30 September 2025.

The September quarter also differed from the preceding quarter ended 30 June 2026. Revenue increased from Rs 145.532 crore in June to Rs 157.935 crore in September, while net profit declined from Rs 59.739 crore because the June quarter included an exceptional gain of Rs 27.954 crore.

How did SJS Enterprises perform in the first half?

SJS Enterprises reported standalone revenue from operations of Rs 303.467 crore for the six months ended 30 September 2026, up 12.8% from Rs 269.028 crore in the six months ended 30 September 2025. This first-half revenue growth rate was higher than the 8.7% increase in the September quarter alone.

First-half net profit after tax was Rs 99.510 crore, compared with Rs 59.632 crore a year earlier. Profit before exceptional items and tax rose 26.5% to Rs 101.119 crore from Rs 79.929 crore, whereas reported profit before tax reached Rs 129.073 crore after the exceptional item.

The difference between the 26.5% rise in profit before exceptional items and tax and the 66.9% rise in reported net profit reflects the Rs 27.954 crore exceptional gain recorded in the first half. This means the six-month net-profit comparison includes a non-recurring transaction, unlike the September-quarter comparison.

What was SJS Enterprises’ exceptional gain?

SJS Enterprises recognised an exceptional gain of Rs 27.954 crore in the six months ended 30 September 2026 following the sale of a freehold land and building on 15 June 2026. The land had a carrying value of Rs 27.810 crore and the building had a carrying value, net of depreciation, of Rs 2.036 crore.

The assets had been classified as held for sale in previous years, and SJS Enterprises received net consideration of Rs 57.8 crore. The gain was recorded in the June 2026 quarter, when profit before tax was Rs 75.708 crore compared with Rs 47.754 crore before exceptional items and tax.

In the September 2026 quarter, profit before tax and profit before exceptional items and tax were both Rs 53.365 crore. The 23.0% increase in September-quarter net profit therefore did not include an exceptional gain in that quarter.

What other developments did SJS Enterprises disclose?

SJS Enterprises acquired 34,661 equity shares, representing the remaining 9.90% non-controlling stake in Walter Pack Automotive Products India Private Limited, for Rs 19.922 crore during the quarter ended 30 September 2026. Walter Pack Automotive Products India Private Limited became a wholly owned subsidiary of SJS Enterprises on 10 August 2026.

SJS Enterprises also incorporated SJS Display Electronics Private Limited as a wholly owned subsidiary during the September 2026 quarter and invested Rs 5 crore in its equity shares. During the six months ended 30 September 2026, SJS Enterprises allotted 252,750 equity shares under its 2021 employee stock option plan and granted 26,500 employee stock options.

SJS Enterprises said the group operates in one segment, manufacturing and selling self-adhesive labels, including automotive dials, overlays, badges, logos, in-mould products and automotive products. The group’s consolidated results include SJS Decoplast Private Limited, Walter Pack Automotive Products India Private Limited, SJS Foundation and SJS Display Electronics Private Limited from 31 August 2026.

Conclusion

SJS Enterprises reported a September 2026 standalone quarter in which profit before exceptional items and tax grew faster than revenue, with net profit rising 23.0% year on year. The first-half figures showed a larger increase in reported profit because they included the Rs 27.954 crore gain from the June sale of land and building.

The next results will show the financial contribution of Walter Pack Automotive Products India Private Limited after it became wholly owned on 10 August 2026, and of SJS Display Electronics Private Limited following the Rs 5 crore equity investment. SJS Enterprises did not disclose a financial target or timetable for either subsidiary in the filing.