GNA Axles Ltd's Q3FY25 Quarter Results
- 13 Jan 2025
Result Summary
- GNA Axles Ltd reported a 3.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 5.1%.
- Its expenses for the quarter were down by 2.8% QoQ and up 4.8% YoY.
- The net profit decreased 11.1% QoQ and increased 12.9% YoY.
- The earnings per share (EPS) of GNA Axles Ltd stood at 5.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 375.62 | 388.08 | 357.31 | -3.2% | 5.1% |
Total Expenses | 340.80 | 350.59 | 325.30 | -2.8% | 4.8% |
Profit Before Tax | 34.82 | 37.49 | 32.01 | -7.1% | 8.8% |
Tax | 9.46 | 8.96 | 9.54 | 5.6% | -0.8% |
Profit After Tax | 25.36 | 28.53 | 22.47 | -11.1% | 12.9% |
Earnings Per Share | 5.90 | 6.60 | 5.20 | -10.6% | 13.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
GNA Axles Ltd is an India-based company known for manufacturing and selling a diverse range of rear axle shafts and other related components. Serving the automotive industry, it caters to various segments such as light commercial vehicles (LCVs), medium commercial vehicles (MCVs), heavy commercial vehicles (HCVs), and off-highway vehicles (OHVs). The company has been recognized for its consistent quality and innovative product offerings.
Revenue
The Total Income for GNA Axles Ltd for the third quarter of the fiscal year 2025 (Q3FY25) was ₹375.62 crores, which saw a decrease of 3.2% from the previous quarter (Q2FY25), where the total income was ₹388.08 crores. However, when compared to the third quarter of the previous fiscal year (Q3FY24), there was a growth of 5.1% in total income from ₹357.31 crores. This indicates that despite the quarterly drop, the company's overall income generation has been on a rise year over year.
Profitability
The company's Profit Before Tax (PBT) for Q3FY25 was ₹34.82 crores, which demonstrated a decrease of 7.1% from Q2FY25 when the PBT was ₹37.49 crores. However, similar to the trend observed in revenue, the PBT saw a yearly increase of 8.8% from Q3FY24, when it was ₹32.01 crores. After considering the tax deductions, the Profit After Tax (PAT) for Q3FY25 stood at ₹25.36 crores, which was 11.1% less than the PAT of ₹28.53 crores in Q2FY25. Despite the quarter-on-quarter decline, the company saw a 12.9% year-on-year increase in PAT from ₹22.47 crores in Q3FY24. The Earnings Per Share (EPS) for Q3FY25 was ₹5.90, marking a decline of 10.6% from the previous quarter (₹6.60 in Q2FY25) but an increase of 13.5% from the same quarter in the previous year (₹5.20 in Q3FY24).
Operating Metrics
Total Expenses for GNA Axles Ltd were ₹340.80 crores in Q3FY25, marking a 2.8% decrease from the previous quarter's expenses of ₹350.59 crores. However, compared to the same quarter in the previous year (₹325.30 crores in Q3FY24), the company's expenses increased by 4.8%. The company's tax expense also saw a minor increase of 5.6% from ₹8.96 crores in Q2FY25 to ₹9.46 crores in Q3FY25, but it saw a small decrease of 0.8% on a year-on-year basis from ₹9.54 crores in Q3FY24. This suggests that while the company's expenses and tax liabilities have seen minor fluctuations, they have generally been on the rise.
