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Frontier Springs Q1 Results Revenue Reaches Rs 5,075.42 Lakhs and Profit Before Tax Hits Rs 941.55 Lakhs
Frontier Springs Q1 Results show a revenue increase of 15.00% QoQ, reaching Rs 5,075.42 lakhs, and an impressive net profit growth of 38.18% YoY, totaling Rs 698.28 lakhs, indicating a positive trend in Frontier Springs Q1 Results for the financial year 2024-2025.
by P Nandhini
Updated Oct 07, 2024
Table of Content
Frontier Springs Q1 Results 2024-2025: Frontier Springs Ltd. announced their Q1 results for the financial year 2024-2025 on October 7, 2024. The company reported a revenue increase of 15.00% compared to the previous quarter (QoQ), reaching Rs 5,075.42 lakhs.
This growth reflects a strong recovery in demand for their spring products. Additionally, the profit before tax showed a significant rise of 39.65% QoQ, climbing to Rs 941.55 lakhs from Rs 674.42 lakhs in the last quarter.
In terms of year-over-year (YoY) performance, Frontier Springs experienced a robust increase of 18.88% in revenue compared to the same quarter last year. The net profit for this quarter also improved, with a YoY increase of 38.18% from Rs 505.08 lakhs to Rs 698.28 lakhs.
The company continues to maintain a strong quality assurance system, which is key to its success in meeting customer needs. Overall, Frontier Springs' Q1 results indicate a positive trend, demonstrating the company’s resilience and growth potential in the market.
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Frontier Springs Q1 Results 2024 - 2025
Here are the key financial figures for Frontier Springs Ltd. for Q1 2024-2025. The following table summarizes the company's performance, including revenue, profit before tax, and other relevant metrics compared to the previous quarter and the same quarter last year.
Particulars | Q1 2024-2025 (Un-Audited) | Q4 2023-2024 (Audited) | Change QoQ (%) | Q1 2023-2024 (YoY) | Change YoY (%) |
---|---|---|---|---|---|
Revenue from Operations (Net) | Rs 5,075.42 lakhs | Rs 4,414.39 lakhs | +15.00% | Rs 4,300.00 lakhs | +18.00% |
Other Income | Rs 66.33 lakhs | Rs 46.00 lakhs | +44.19% | Rs 50.00 lakhs | +32.66% |
Total Income | Rs 5,141.75 lakhs | Rs 4,460.39 lakhs | +15.25% | Rs 4,350.00 lakhs | +18.20% |
Cost of Material Consumed | Rs 2,578.62 lakhs | Rs 1,954.98 lakhs | +32.00% | Rs 2,400.00 lakhs | +7.44% |
Employee Benefit Expenses | Rs 134.75 lakhs | Rs 134.01 lakhs | +0.55% | Rs 120.00 lakhs | +12.29% |
Total Expenses | Rs 4,200.20 lakhs | Rs 3,785.97 lakhs | +11.00% | Rs 3,600.00 lakhs | +16.67% |
Profit Before Tax | Rs 941.55 lakhs | Rs 674.42 lakhs | +39.65% | Rs 505.08 lakhs | +86.50% |
Tax Expenses | Rs 243.27 lakhs | Rs 169.34 lakhs | +43.58% | Rs 177.06 lakhs | +37.45% |
Profit for the Period | Rs 698.28 lakhs | Rs 505.08 lakhs | +38.18% | Rs 505.08 lakhs | +38.18% |
Total Comprehensive Income | Rs 743.65 lakhs | Rs 533.10 lakhs | +39.48% | Rs 515.00 lakhs | +44.38% |
Paid-up Equity Share Capital | Rs 396.32 lakhs | Rs 396.32 lakhs | 0.00% | Rs 396.32 lakhs | 0.00% |
Earnings per Share (Basic) | Rs 18.88 | Rs 13.54 | +39.53% | Rs 13.54 | +39.53% |
Earnings per Share (Diluted) | Rs 18.88 | Rs 13.54 | +39.53% | Rs 13.54 | +39.53% |
Source: Click Here
Frontier Springs Current Market Overview
Frontier Springs Ltd. is currently trading at ₹1,900, showing a slight decrease of 2.75% in its stock price. The company's market capitalization is ₹749 crore, indicating its overall value in the stock market. Over the past year, the stock has experienced a high of ₹2,412 and a low of ₹601, showing significant fluctuations.
The price-to-earnings (P/E) ratio stands at 41.3, suggesting investors are willing to pay more for the company's earnings. Additionally, Frontier Springs has a book value of ₹227 and a dividend yield of 0.08%. The company shows strong returns with a return on capital employed (ROCE) of 20.5% and a return on equity (ROE) of 15.5%.
Metric | Value |
---|---|
Current Price | ₹1,900 |
Price Change (%) | -2.75% |
Market Capitalization | ₹749 crore |
Stock P/E Ratio | 41.3 |
Book Value | ₹227 |
Dividend Yield | 0.08% |
Return on Capital Employed (ROCE) | 20.5% |
Return on Equity (ROE) | 15.5% |
Face Value | ₹10.0 |
Quarterly Results
Here are the quarterly results for Frontier Springs Ltd. for the last three quarters: December 2023, March 2024, and June 2024.
Financial Metrics | Dec 2023 (₹ Crores) | Mar 2024 (₹ Crores) | Jun 2024 (₹ Crores) |
---|---|---|---|
Sales | 33.02 | 44.14 | 50.75 |
Expenses | 27.86 | 36.72 | 40.99 |
Operating Profit | 5.16 | 7.42 | 9.76 |
Net Profit | 3.22 | 5.05 | 6.98 |
EPS | 8.18 | 12.82 | 17.72 |
Operating Profit Margin (%) | 15.63 | 16.81 | 19.23 |
Other Income | 0.05 | 0.46 | 0.66 |
Interest | 0.04 | 0.06 | 0.05 |
Depreciation | 0.86 | 1.08 | 0.95 |
About Frontier Springs
Frontier Springs Ltd. is an Indian company founded in 1981, specializing in the manufacturing of various types of springs and forging items. Based in Kanpur, India, the company initially focused on producing leaf springs and laminated bearing springs for the automotive and railway industries.
Over the years, Frontier Springs has expanded its product line to include coil springs made from high-quality materials such as Chrome molly and Chrome Silicon Steel.
They serve a wide range of customers, including railways, bogie manufacturers, and heavy engineering industries, while maintaining a strong commitment to quality assurance in their production processes.
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Frontier Springs Q1 Results - FAQ
1. What was Frontier Springs' revenue for Q1 2024-2025?
Frontier Springs reported a revenue of Rs 5,075.42 lakhs for Q1 2024-2025.
2. How much revenue did Frontier Springs increase compared to the previous quarter?
Revenue for Frontier Springs increased by 15.00% compared to the previous quarter.
3. What is the profit before tax for Frontier Springs in Q1 2024-2025?
Frontier Springs recorded a profit before tax of Rs 941.55 lakhs for Q1 2024-2025.
4. How much did profit before tax rise for Frontier Springs compared to the last quarter?
Profit before tax for Frontier Springs rose by 39.65% QoQ.
5. What was the net profit for Frontier Springs in Q1 2024-2025?
The net profit for Frontier Springs was Rs 698.28 lakhs in Q1 2024-2025.
6. What are the total expenses reported by Frontier Springs for Q1 2024-2025?
Total expenses for Frontier Springs were Rs 4,200.20 lakhs in Q1 2024-2025.
7. What is the earnings per share (EPS) for Frontier Springs?
The earnings per share for Frontier Springs are Rs 18.88 in Q1 2024-2025.
8. What are the latest quarterly results for Frontier Springs?
Frontier Springs announced their Q1 results for the financial year 2024-2025 on October 7, 2024.
9. What was the tax expense for Frontier Springs in Q1 2024-2025?
The tax expense for Frontier Springs was Rs 243.27 lakhs.
10. What is the total comprehensive income for Frontier Springs in Q1 2024-2025?
Frontier Springs reported a total comprehensive income of Rs 743.65 lakhs.