India Nippon Electricals Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- India Nippon Electricals Ltd reported a 1.0% 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 17.2%.
- Its expenses for the quarter were up by 2.7% QoQ and 16.7% YoY.
- The net profit decreased 24.6% QoQ and increased 32.1% YoY.
- The earnings per share (EPS) of India Nippon Electricals Ltd stood at 7.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 216.66 | 218.75 | 184.79 | -1.0% | 17.2% |
Total Expenses | 195.46 | 190.29 | 167.48 | 2.7% | 16.7% |
Profit Before Tax | 21.20 | 28.46 | 17.31 | -25.5% | 22.5% |
Tax | 5.24 | 7.30 | 5.23 | -28.2% | 0.2% |
Profit After Tax | 15.96 | 21.16 | 12.08 | -24.6% | 32.1% |
Earnings Per Share | 7.10 | 9.30 | 5.30 | -23.7% | 34.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
India Nippon Electricals Ltd is a prominent player in the electrical components industry, primarily catering to the automotive sector. The company specializes in the manufacturing of a range of electronic ignition systems and other electrical components used in two-wheelers, three-wheelers, and portable engines. Established partnerships with leading automotive manufacturers bolster its market presence. While the company has a rich history in the automotive components sector, detailed information about recent major developments is not available from the data provided.
Revenue
India Nippon Electricals Ltd reported a total income of ₹216.66 crores in Q3FY25, showing a slight decrease of 1.0% compared to ₹218.75 crores in Q2FY25. However, on a year-over-year basis, the company experienced a notable growth of 17.2% from ₹184.79 crores in Q3FY24. This indicates a strong performance over the year, reflecting increased revenue generation and possibly enhanced sales volumes or pricing strategies over the same period last year.
Profitability
The company's profit before tax for Q3FY25 stood at ₹21.20 crores, reflecting a decline of 25.5% from the previous quarter's ₹28.46 crores. This decrease is coupled with a tax expense of ₹5.24 crores, which is 28.2% lower than Q2FY25. Despite the quarter-over-quarter decline, the profit after tax saw a year-over-year increase of 32.1%, reaching ₹15.96 crores compared to ₹12.08 crores in Q3FY24. Earnings per share for Q3FY25 were ₹7.10, down by 23.7% from the preceding quarter, yet they rose by 34.0% compared to the same quarter last year.
Operating Metrics
The total expenses for Q3FY25 amounted to ₹195.46 crores, marking an increase of 2.7% from ₹190.29 crores in Q2FY25, and a 16.7% rise from ₹167.48 crores in Q3FY24. This suggests that the company has managed to maintain its operational activities while dealing with cost escalations. The profits, despite the recent quarter's dip, have shown resilience on a year-over-year basis, reflecting effective cost management strategies. The company’s operations have been sustained with a focus on maintaining profitability amidst varying expense trends.
