Steel Strips Wheels Ltd's Q4FY25 Quarterly Results

Result Summary

• Steel Strips Wheels Ltd reported a 0.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Mar (Q4FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6.1%.
• Its expenses for the quarter were up by 1.3% QoQ and 9.0% YoY.
• The net profit increased 980.6% QoQ and increased 990.2% YoY.
• The earnings per share (EPS) of Steel Strips Wheels Ltd stood at 32.8 during Q4FY25.

Financial Statments for Q4FY25

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

Company Overview

Steel Strips Wheels Ltd is a prominent player in the automotive industry, primarily engaged in the manufacturing and supply of steel wheels for various applications including passenger cars, trucks, tractors, and off-road vehicles. The company operates in a highly competitive market, catering to both domestic and international clients. It has established a strong reputation for its commitment to quality and innovation, consistently striving to meet the evolving demands of the automotive sector. Recent developments in the industry, such as advancements in electric vehicles and changes in regulatory standards, continue to shape the landscape in which Steel Strips Wheels Ltd operates. However, specific recent developments related to Steel Strips Wheels Ltd are not available in the provided data.

Revenue

For the quarter ending Q4FY25, Steel Strips Wheels Ltd reported a total income of ₹1073.47 crores, which represents a slight decrease of 0.1% compared to the previous quarter (Q3FY25) where the total income was ₹1075.05 crores. However, when compared on a year-over-year basis, there was a notable increase of 6.1% from ₹1011.62 crores in Q4FY24. This growth in total income over the year highlights the company's ability to generate higher revenues despite the slight quarterly dip.

Profitability

In terms of profitability, the company experienced significant improvements in Q4FY25. The profit before tax (PBT) soared to ₹522.99 crores, a substantial increase from ₹64.52 crores in Q3FY25, marking a quarter-over-quarter growth of 710.6%. Year-over-year, the PBT rose dramatically by 621.2% from ₹72.52 crores in Q4FY24. The profit after tax (PAT) also exhibited remarkable growth, reaching ₹515.56 crores in Q4FY25, compared to ₹47.71 crores in Q3FY25 and ₹47.29 crores in Q4FY24, translating to increases of 980.6% QoQ and 990.2% YoY, respectively. This sharp rise in profitability is further reflected in the earnings per share (EPS), which jumped to ₹32.80 from ₹3.00 in both the previous quarter and the same quarter last year, showing a 993.3% increase in both QoQ and YoY comparisons.

Operating Metrics

The company's total expenses for Q4FY25 were ₹1023.58 crores, reflecting a 1.3% increase from ₹1010.52 crores in Q3FY25 and a 9.0% rise from ₹939.11 crores in Q4FY24. This indicates an upward trend in operating costs on both a quarterly and yearly basis. Notably, the tax expenses decreased significantly by 55.5% from the previous quarter and 70.7% from the same quarter last year, with Q4FY25 taxes amounting to ₹7.40 crores. The substantial reduction in tax expenses contributed to the improved net profitability for the quarter. These metrics provide a comprehensive view of the company's operational efficiency and cost management within the given period.