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Automotive Stampings & Assemblies Q1 Results Revenue Falls to INR 19,194.56 Lakhs, Profit Before Tax Declines to INR 399.30 Lakhs
Automotive Stampings & Assemblies Q1 Results for FY2024-2025 showed a 17.45% QoQ decrease in revenue to INR 19,194.56 lakhs and a 47.61% QoQ drop in profit before tax to INR 399.30 lakhs.
by P Nandhini
Updated Sep 03, 2024
Table of Content
Automotive Stampings & Assemblies Q1 Results: Automotive Stampings and Assemblies (ASAL) announced its Q1 results for the financial year 2024-2025 on August 6, 2024. The company reported revenue from operations of INR 19,194.56 lakhs, reflecting a decrease of 17.45% compared to the previous quarter (Q4 FY2023-2024) where the revenue was INR 23,247.52 lakhs.
The total income for the quarter also fell by 17.56% from INR 23,293.31 lakhs in Q4 FY2023-2024 to INR 19,202.46 lakhs in Q1 FY2024-2025. ASAL’s profit before tax stood at INR 399.30 lakhs, a significant decline of 47.61% quarter-over-quarter (QoQ) from INR 761.95 lakhs reported in Q4 FY2023-2024.
The company's expenses were slightly reduced, with total expenses for Q1 FY2024-2025 amounting to INR 18,803.16 lakhs, down by 16.57% from INR 22,531.36 lakhs in the previous quarter.
However, the earnings per share (EPS) also declined, with both basic and diluted EPS recorded at INR 2.52 for Q1 FY2024-2025, compared to INR 4.80 in the previous quarter, reflecting a 47.5% drop in QoQ.
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Automotive Stampings & Assemblies Q1 Results 2024 - 2025
Automotive Stampings and Assemblies (ASAL) reported its financial performance for Q1 FY2024-2025 on August 6, 2024. The results indicate a decline in both revenue and profit compared to the previous quarter, highlighting challenging market conditions. Below is a summary of the key financial figures for the quarter.
| Particulars | Q1 FY2024-2025 | Q4 FY2023-2024 | QoQ Change (%) |
|---|---|---|---|
| Revenue from Operations (INR Lakhs) | 19,194.56 | 23,247.52 | -17.45% |
| Other Income (INR Lakhs) | 7.90 | 45.79 | -82.74% |
| Total Income (INR Lakhs) | 19,202.46 | 23,293.31 | -17.56% |
| Cost of Materials Consumed (INR Lakhs) | 13,954.88 | 18,284.63 | -23.70% |
| Employee Benefits Expense (INR Lakhs) | 1,058.04 | 1,022.01 | +3.52% |
| Finance Costs (INR Lakhs) | 363.41 | 425.14 | -14.52% |
| Depreciation & Amortization (INR Lakhs) | 474.90 | 445.01 | +6.71% |
| Total Expenses (INR Lakhs) | 18,803.16 | 22,531.36 | -16.57% |
| Profit Before Tax (INR Lakhs) | 399.30 | 761.95 | -47.61% |
| Earnings Per Share (Basic & Diluted, INR) | 2.52 | 4.80 | -47.50% |
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Automotive Stampings & Assemblies Current Market Overview
Automotive Stampings & Assemblies (ASAL) currently has a market capitalization of ₹1,289 crore, with its stock priced at ₹813 per share. The stock has traded between a high of ₹1,095 and a low of ₹372 over the past year.
The company's stock price-to-earnings (P/E) ratio stands at 63.4, indicating a relatively high valuation compared to its earnings. Despite having a negative book value of ₹-4.65, ASAL has a strong return on capital employed (ROCE) of 46.2%, but it does not currently pay any dividends. The face value of each share is ₹10.
| Metric | Value |
|---|---|
| Market Cap | ₹1,289 crore |
| Current Price | ₹813 per share |
| 52-Week High / Low | ₹1,095 / ₹372 |
| Stock P/E Ratio | 63.4 |
| Book Value | ₹-4.65 |
| Dividend Yield | 0.00% |
| Return on Capital Employed (ROCE) | 46.2% |
| Face Value | ₹10.0 |
Quarterly Results
Here is a summary of the key financial figures for Automotive Stampings & Assemblies for the three most recent quarters: December 2023, March 2024, and June 2024. The table highlights their sales, expenses, and profit metrics, reflecting the company's recent performance trends.
| Quarter | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales | ₹216.44 Cr | ₹232.48 Cr | ₹191.95 Cr |
| Expenses | ₹204.05 Cr | ₹216.62 Cr | ₹179.66 Cr |
| Operating Profit | ₹12.39 Cr | ₹15.86 Cr | ₹12.29 Cr |
| Operating Profit Margin (OPM %) | 5.72% | 6.82% | 6.40% |
| Other Income | ₹0.21 Cr | ₹0.46 Cr | ₹0.08 Cr |
| Interest | ₹3.69 Cr | ₹4.25 Cr | ₹3.63 Cr |
| Depreciation | ₹4.17 Cr | ₹4.45 Cr | ₹4.75 Cr |
| Profit Before Tax | ₹4.74 Cr | ₹7.62 Cr | ₹3.99 Cr |
| Net Profit | ₹4.74 Cr | ₹7.62 Cr | ₹3.99 Cr |
| Earnings Per Share (EPS) (in ₹) | ₹2.99 | ₹4.80 | ₹2.52 |
About Automotive Stampings & Assemblies
Automotive Stampings and Assemblies (ASAL) is a company based in India that specializes in making sheet metal components, welded assemblies, and modules for the automotive industry.
Their products include structural and skin panels, fuel tanks, rear twist beams, oil sumps, and suspension parts, which are used in passenger vehicles, commercial vehicles, and tractors. ASAL has four manufacturing facilities located in Pune (Maharashtra), Halol (Gujarat), and Pantnagar (Uttarakhand).
The company supplies its products to major automobile manufacturers like Tata Motors, Fiat, Piaggio, and Ashok Leyland. ASAL is majority-owned by Tata AutoComp Systems, which holds a 75% stake, while the remaining 25% is held by the public.
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Automotive Stampings & Assemblies Q1 Results - FAQs
1. What were the revenue figures for Automotive Stampings & Assemblies in Q1 FY2024-2025?
Automotive Stampings & Assemblies reported revenue from operations of INR 19,194.56 lakhs.
2. How did Automotive Stampings & Assemblies' revenue compare to the previous quarter?
The revenue decreased from INR 23,247.52 lakhs in Q4 FY2023-2024 to INR 19,194.56 lakhs in Q1 FY2024-2025.
3. What was the total income for Automotive Stampings & Assemblies in Q1 FY2024-2025?
The total income was INR 19,202.46 lakhs.
4. How did Automotive Stampings & Assemblies' total income change from the previous quarter?
Total income fell from INR 23,293.31 lakhs in Q4 FY2023-2024 to INR 19,202.46 lakhs in Q1 FY2024-2025.
5. What was the profit before tax for Automotive Stampings & Assemblies in Q1 FY2024-2025?
The profit before tax was INR 399.30 lakhs.
6. What were the total expenses for Automotive Stampings & Assemblies in Q1 FY2024-2025?
The total expenses were INR 18,803.16 lakhs.
7. How did Automotive Stampings & Assemblies' EPS compare to the previous quarter?
EPS decreased from INR 4.80 in Q4 FY2023-2024 to INR 2.52 in Q1 FY2024-2025.
8. What was the cost of materials consumed by Automotive Stampings & Assemblies in Q1 FY2024-2025?
The cost of materials consumed was INR 13,954.88 lakhs.
9. What were the finance costs for Automotive Stampings & Assemblies in Q1 FY2024-2025?
The finance costs were INR 363.41 lakhs.
10. When did Automotive Stampings & Assemblies announce its Q1 results for FY2024-2025?
The results were announced on August 6, 2024.