Rico Auto Industries Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Rico Auto Industries Ltd reported a 4.6% 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 4.8%.
- Its expenses for the quarter were down by 4.1% QoQ and up 6.5% YoY.
- The net profit decreased 72.0% QoQ and decreased 82.5% YoY.
- The earnings per share (EPS) of Rico Auto Industries Ltd stood at 0.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 553.74 | 580.20 | 528.13 | -4.6% | 4.8% |
Total Expenses | 544.69 | 567.95 | 511.58 | -4.1% | 6.5% |
Profit Before Tax | 9.05 | 11.82 | 15.98 | -23.4% | -43.4% |
Tax | 7.21 | 5.25 | 5.48 | 37.3% | 31.6% |
Profit After Tax | 1.84 | 6.57 | 10.50 | -72.0% | -82.5% |
Earnings Per Share | 0.10 | 0.50 | 0.70 | -80.0% | -85.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Rico Auto Industries Ltd is a prominent player in the automotive components manufacturing sector. The company is primarily engaged in the production and supply of a wide range of automotive components, serving both domestic and international markets. Its product portfolio includes high-precision engine and transmission components, chassis systems, and other essential automotive parts. As part of the automotive industry, Rico Auto Industries is subject to industry trends such as technological advancements, shifts in consumer preferences, and regulatory changes. Recent developments in the automotive sector, such as the emphasis on electric vehicles and sustainable manufacturing processes, may influence the company's strategic directions. However, specific recent developments within Rico Auto Industries are not available in the current data set.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Rico Auto Industries Ltd reported a total income of ₹553.74 crores. This reflects a decrease from the previous quarter (Q2FY25), where the total income was ₹580.20 crores, resulting in a quarter-over-quarter (QoQ) decline of 4.6%. On a year-over-year (YoY) basis, the total income increased by 4.8% compared to the same quarter in the previous fiscal year (Q3FY24), when the total income was ₹528.13 crores. These figures indicate a mixed performance in terms of revenue, with a decline on a quarterly basis but growth over the year.
Profitability
For Q3FY25, Rico Auto Industries Ltd reported a profit before tax (PBT) of ₹9.05 crores, which is a decrease from ₹11.82 crores in Q2FY25, reflecting a QoQ decline of 23.4%. Compared to Q3FY24, when the PBT was ₹15.98 crores, this marks a YoY decrease of 43.4%. The tax expense for the quarter is ₹7.21 crores, which has increased by 37.3% from the previous quarter and by 31.6% from the same quarter last year. Consequently, the profit after tax (PAT) for Q3FY25 is reported at ₹1.84 crores, significantly lower than ₹6.57 crores in Q2FY25, representing a 72.0% QoQ decrease, and down from ₹10.50 crores in Q3FY24, marking an 82.5% YoY decline. The earnings per share (EPS) for the quarter stands at ₹0.10, compared to ₹0.50 in Q2FY25 and ₹0.70 in Q3FY24, showing respective declines of 80.0% QoQ and 85.7% YoY.
Operating Metrics
The total expenses for Rico Auto Industries Ltd in Q3FY25 amounted to ₹544.69 crores. This figure shows a decrease from ₹567.95 crores in Q2FY25, indicating a QoQ reduction of 4.1%. However, when compared to Q3FY24, where total expenses were ₹511.58 crores, there is a YoY increase of 6.5%. These changes in total expenses, coupled with the revenue figures, provide insight into the company's operational efficiency and cost management over the respective periods. The financial data does not include specific details on cost components or operating segments, which limits a more granular analysis of operational performance.
