Sanil Electric (A062040) Q3 2024 earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2024 earnings summary
9 Feb, 2026Executive summary
Achieved continued growth in revenue and operating profit in Q3 2024, with improved operating profit margin and strong order backlog growth year-over-year.
Anticipates rapid new order growth from Q4 2024 as Plant 2 begins operations.
Financial highlights
Q3 2024 revenue reached 797B KRW, up 6.0% QoQ and 32.1% YoY; YTD revenue up 38.8% YoY.
Q3 2024 operating profit was 278B KRW, up 13.4% QoQ and 63.0% YoY; YTD operating profit up 80.7% YoY.
Net income for Q3 2024 was 229B KRW, up 32.1% QoQ and 42.2% YoY; YTD net income up 60.2% YoY.
Operating profit margin improved to 34.9% in Q3 2024, up 2.3pp QoQ and 6.7pp YoY; YTD OPM at 33.5%.
Order backlog increased to 3,413B KRW, up 2.9% QoQ and 52.9% YoY.
Outlook and guidance
New orders expected to grow rapidly from Q4 2024 with the start of Plant 2 operations.
Focus remains on maximizing production efficiency and targeting North American orders.
Latest events from Sanil Electric
- Q4 2025 set new records for revenue and profit, led by renewables and U.S. export growth.A062040
Q4 202510 Feb 2026 - Record revenue and profit growth fueled by power grid and export demand, with strong margins.A062040
Q4 20249 Feb 2026 - Q1 2025 delivered robust revenue and profit growth, led by power grid and renewable sectors.A062040
Q1 20259 Feb 2026 - Record Q2 2025 results with surging U.S. exports and strong renewable sector growth.A062040
Q2 20259 Feb 2026 - Record Q3 revenue driven by renewables, with robust margins despite a one-off bad debt.A062040
Q3 20259 Feb 2026 - Export-driven transformer specialist with rapid growth and global leadership ambitions.A062040
Investor presentation9 Feb 2026 - Rapid sales and profit growth fueled by global transformer demand and export expansion.A062040
Investor presentation9 Feb 2026 - Rapid global sales growth and export expansion, with IPO planned for July 2024.A062040
Investor presentation9 Feb 2026