ASK Automotive Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- ASK Automotive Ltd reported a 5.8% 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 20.5%.
- Its expenses for the quarter were down by 6.0% QoQ and up 17.9% YoY.
- The net profit decreased 2.1% QoQ and increased 31.9% YoY.
- The earnings per share (EPS) of ASK Automotive Ltd stood at 3.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 919.25 | 975.91 | 763.13 | -5.8% | 20.5% |
Total Expenses | 834.50 | 887.42 | 708.07 | -6.0% | 17.9% |
Profit Before Tax | 84.75 | 88.49 | 55.06 | -4.2% | 53.9% |
Tax | 20.02 | 22.21 | 15.60 | -9.9% | 28.3% |
Profit After Tax | 65.89 | 67.28 | 49.94 | -2.1% | 31.9% |
Earnings Per Share | 3.30 | 3.40 | 2.50 | -2.9% | 32.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
ASK Automotive Ltd is a company operating in the automotive sector, primarily known for manufacturing friction products such as brake linings, disc pads, and clutch facings. These products are integral to the automotive industry, serving a wide range of vehicles, including two-wheelers, passenger cars, and commercial vehicles. The company is recognized for its technological advancements and adherence to quality standards in its manufacturing processes. Recent developments regarding the company's strategic initiatives or expansion plans are not available at this time. The company continues to play a significant role in the automotive supply chain, leveraging its expertise in the development and production of critical vehicle components.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), ASK Automotive Ltd reported a total income of ₹919.25 crores. When compared to the preceding quarter (Q2FY25), where the total income was ₹975.91 crores, there was a quarter-over-quarter (QoQ) decline of 5.8%. However, on a year-over-year (YoY) basis, the company experienced a 20.5% increase in total income compared to ₹763.13 crores reported in the third quarter of the fiscal year 2024 (Q3FY24). This reflects the company's growth trajectory over the year, notwithstanding the quarterly fluctuations.
Profitability
ASK Automotive Ltd recorded a profit before tax (PBT) of ₹84.75 crores in Q3FY25, down by 4.2% from the previous quarter's ₹88.49 crores. The tax expense for this quarter was ₹20.02 crores, reflecting a 9.9% decrease from Q2FY25. Consequently, the profit after tax (PAT) for Q3FY25 stood at ₹65.89 crores, which is a 2.1% decrease from the ₹67.28 crores reported in the prior quarter. Despite these quarter-over-quarter declines, the YoY analysis shows a significant increase, with PAT rising by 31.9% from ₹49.94 crores in Q3FY24. Earnings per share (EPS) followed a similar trend, with a minor QoQ decline of 2.9% from ₹3.40 to ₹3.30, but a notable YoY increase of 32.0% from ₹2.50.
Operating Metrics
The total expenses for ASK Automotive Ltd in Q3FY25 were ₹834.50 crores, showing a 6.0% reduction from ₹887.42 crores in Q2FY25. When compared to Q3FY24, where total expenses were ₹708.07 crores, there is a YoY increase of 17.9%. Despite the quarterly decline in expenses, the yearly increase indicates a scaling in operations or cost structures. The profit margins, derived from the difference between total income and expenses, show a YoY improvement, aligning with the growth in profitability metrics. The financial data suggests the company is managing its operating costs effectively while navigating through fluctuating quarterly performances.
