Munjal Auto Industries Ltd's Q3FY25 Quarterly Results

Result Summary

• Munjal Auto Industries Ltd reported a 1.5% 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 21.7%.
• Its expenses for the quarter were up by 1.9% QoQ and 25.5% YoY.
• The net profit decreased 109.8% QoQ and decreased 91.5% YoY.
• The earnings per share (EPS) of Munjal Auto Industries Ltd declined at 0.2 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Munjal Auto Industries Ltd is a well-known entity in the Indian automotive industry, primarily engaged in the manufacture and supply of auto components. The company is part of the larger Hero Group, a conglomerate with a significant presence in the automotive sector. Munjal Auto specializes in producing various automotive parts, including exhaust systems, mufflers, and other critical components for motorcycles and passenger vehicles. The company serves a range of clients, including major two-wheeler and four-wheeler manufacturers. As of the latest updates, there is no specific major development reported for Munjal Auto Industries Ltd outside of the typical industry trends and challenges. The company's financial activities are influenced by broader industry dynamics such as demand for vehicles, regulatory changes, and economic conditions.

Revenue

For the quarter ending Q3FY25, Munjal Auto Industries Ltd reported a total income of ₹526.73 crores. This represents a decrease of 1.5% from the previous quarter, Q2FY25, where total income was ₹534.67 crores. However, there is a notable year-over-year increase of 21.7% compared to the same quarter in the previous year, Q3FY24, when the total income was ₹432.72 crores. This indicates that while there has been a slight decline in revenue from the immediate past quarter, there is substantial growth when looking at the year-over-year figures. The revenue trends suggest a significant improvement compared to the previous year's performance, reflecting changes or improvements in the company's operations or market conditions.

Profitability

The profitability metrics for Munjal Auto Industries Ltd show a varied performance. For Q3FY25, the company reported a Profit Before Tax (PBT) of ₹2.97 crores, which is a sharp decline of 85.6% from the ₹20.62 crores recorded in Q2FY25. Compared to Q3FY24, where the PBT was a negative ₹23.40 crores, there is a notable improvement. The Tax expense for Q3FY25 was ₹4.97 crores, a significant increase from the previous quarter's ₹0.31 crores and a reversal from a negative tax in Q3FY24. Consequently, the Profit After Tax (PAT) for Q3FY25 was a negative ₹1.99 crores, marking a decrease of 109.8% from the previous quarter's positive ₹20.30 crores but an improvement from Q3FY24's negative ₹23.35 crores. Earnings Per Share (EPS) stood at negative ₹0.20 for Q3FY25, showing a decline from the positive ₹1.90 in Q2FY25, yet an improvement from the negative ₹1.20 in Q3FY24.

Operating Metrics

The operating metrics for Munjal Auto Industries Ltd highlight the company's expense management and efficiency. Total expenses for Q3FY25 were ₹523.75 crores, which is an increase of 1.9% compared to Q2FY25's ₹514.05 crores. Year-over-year, expenses rose by 25.5% from Q3FY24's ₹417.26 crores. The quarter-over-quarter increase in expenses, coupled with a decrease in income, has impacted profitability. Despite this, the improvement in year-over-year figures for both income and profitability indicators suggests operational adjustments or market conditions have favorably impacted the company's performance over the year. The financial ratios such as P/E ratio, debt-to-equity ratio, and current ratio are not provided in the data, thus not calculated in this analysis. The trends in expenses and profitability metrics provide insight into the company's operational challenges and efficiencies.