Sharda Motor Industries Ltd's Q3FY25 Quarter Results
- 05 Feb 2025
Result Summary
- Sharda Motor Industries Ltd reported a 2.2% 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 0.0%.
- Its expenses for the quarter were down by 1.5% QoQ and up 0.3% YoY.
- The net profit decreased 4.2% QoQ and decreased 0.7% YoY.
- The earnings per share (EPS) of Sharda Motor Industries Ltd stood at 25.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 710.87 | 726.68 | 710.85 | -2.2% | 0.0% |
Total Expenses | 610.87 | 620.35 | 609.27 | -1.5% | 0.3% |
Profit Before Tax | 100.01 | 106.33 | 101.59 | -5.9% | -1.6% |
Tax | 25.33 | 27.40 | 26.51 | -7.6% | -4.5% |
Profit After Tax | 75.44 | 78.71 | 75.97 | -4.2% | -0.7% |
Earnings Per Share | 25.60 | 27.40 | 25.60 | -6.6% | 0.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Sharda Motor Industries Ltd is an established entity in the automotive components sector, primarily focusing on manufacturing and supplying a range of automotive components. The company is known for its production of exhaust systems, suspension systems, and various other automotive parts, catering to both domestic and international markets. Sharda Motor Industries has been known to collaborate with major automobile manufacturers, helping them meet stringent emission norms and improve vehicle performance. As of the latest updates, there are no specific major developments or strategic shifts reported for the company, indicating a potential focus on maintaining its existing market position and operational stability.
Revenue
For the quarter ending Q3FY25, Sharda Motor Industries Ltd reported a total income of ₹710.87 crores. This represents a slight decrease of 2.2% compared to the previous quarter (Q2FY25) where the total income was ₹726.68 crores. Comparatively, the year-over-year change was negligible, with Q3FY24's total income also recorded at ₹710.85 crores, indicating a stable revenue performance over the past year. This stability in revenue suggests the company's consistent performance in its core operations, amidst minor fluctuations quarter over quarter.
Profitability
Profitability metrics for Sharda Motor Industries Ltd reflect a decrease in profits for Q3FY25. The company's profit before tax for this quarter was ₹100.01 crores, marking a decline of 5.9% from Q2FY25, which was ₹106.33 crores. Year-over-year, there was a minor decline of 1.6% from Q3FY24's profit before tax of ₹101.59 crores. The profit after tax for Q3FY25 stood at ₹75.44 crores, down by 4.2% from the prior quarter and a slight decrease of 0.7% from the previous year. The earnings per share were reported at ₹25.60, showing a decline of 6.6% quarter-over-quarter, but no change year-over-year. These figures highlight the company's challenges in maintaining profitability amidst minor revenue fluctuations.
Operating Metrics
The operating metrics for Sharda Motor Industries Ltd indicate a minor decrease in total expenses for Q3FY25, which were recorded at ₹610.87 crores. This represents a 1.5% decrease from the previous quarter's expenses of ₹620.35 crores. Year-over-year, the total expenses increased marginally by 0.3% from ₹609.27 crores in Q3FY24. The tax expenses for the quarter were ₹25.33 crores, showing a reduction of 7.6% from Q2FY25 and a 4.5% decrease from Q3FY24. These metrics suggest that the company has made efforts to manage its operating costs effectively, contributing to its overall financial stability despite a decrease in profitability.
