On consolidated basis
Quarter ended December 2024 compared with Quarter ended December 2023.
Net sales (including other operating income) of Talbros Automotive Components has increased 1.37% to Rs 201.47 crore. Operating profit margin has jumped from 15.32% to 16.22%, leading to 7.33% rise in operating profit to Rs 32.67 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 54.02% to 51.25%. Purchase of finished goods cost fell from 0.56% to 0.35%. Employee cost increased from 10.15% to 11.19%. Other expenses rose from 19.92% to 20.71%. Other income rose 6.93% to Rs 2.93 crore. PBIDT rose 7.29% to Rs 35.6 crore. Provision for interest fell 8.73% to Rs 3.24 crore. PBDT rose 9.21% to Rs 32.36 crore. Provision for depreciation rose 32.08% to Rs 8.11 crore. Profit before tax grew 3.24% to Rs 24.25 crore. Share of profit/loss was 9.55% higher at Rs 5.16 crore. Provision for tax was expense of Rs 5.59 crore, compared to Rs 5.45 crore. Effective tax rate was 19.01% compared to 19.33%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 4.70% to Rs 23.82 crore. Promoters’ stake was 58.43% as of 31 December 2024 ,compared to 58.42% as of 31 December 2023 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Talbros Automotive Components has increased 7.92% to Rs 621.19 crore. Operating profit margin has jumped from 14.59% to 15.27%, leading to 13% rise in operating profit to Rs 94.86 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 53.97% to 52.72%. Purchase of finished goods cost fell from 0.62% to 0.46%. Employee cost increased from 10.51% to 11.11%. Other expenses rose from 20.20% to 20.36%. Other income rose 61.13% to Rs 12.6 crore. PBIDT rose 17.10% to Rs 107.46 crore. Provision for interest fell 1.58% to Rs 9.98 crore. PBDT rose 19.42% to Rs 97.48 crore. Provision for depreciation rose 32.27% to Rs 24.06 crore. Profit before tax grew 15.73% to Rs 73.42 crore. Share of profit/loss was 2.22% higher at Rs 12.41 crore. Provision for tax was expense of Rs 17.98 crore, compared to Rs 15.39 crore. Effective tax rate was 20.95% compared to 20.36%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 12.73% to Rs 67.85 crore. Promoters’ stake was 58.43% as of 31 December 2024 ,compared to 58.42% as of 31 December 2023 .
Full year results analysis.
Net sales (including other operating income) of Talbros Automotive Components has increased 20.26% to Rs 778.27 crore. Operating profit margin has jumped from 13.49% to 14.73%, leading to 31.33% rise in operating profit to Rs 114.65 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 53.99% to 53.29%. Purchase of finished goods cost fell from 0.76% to 0.64%. Employee cost decreased from 10.81% to 10.50%. Other expenses fell from 21.11% to 20.72%. Other income rose 103.23% to Rs 12.6 crore. PBIDT rose 36.10% to Rs 127.25 crore. Provision for interest rose 16.81% to Rs 13.27 crore. Loan funds rose to Rs 98.70 crore as of 31 March 2024 from Rs 86.89 crore as of 31 March 2023. Inventories declined from Rs 132.53 crore as of 31 March 2023 to Rs 126.77 crore as of 31 March 2024. Sundry debtors were higher at Rs 210.33 crore as of 31 March 2024 compared to Rs 168.53 crore as of 31 March 2023. Cash and bank balance declined from Rs 8.10 crore as of 31 March 2023 to Rs 5.20 crore as of 31 March 2024. Investments rose to Rs 185.82 crore as of 31 March 2024 from Rs 126.64 crore as of 31 March 2023 . PBDT rose 38.76% to Rs 113.98 crore. Provision for depreciation rose 9.23% to Rs 25.91 crore. Fixed assets increased to Rs 218.96 crore as of 31 March 2024 from Rs 175.56 crore as of 31 March 2023. Intangible assets declined from Rs 0.67 crore to Rs 0.56 crore. Profit before tax grew 50.75% to Rs 88.07 crore. Share of profit/loss was 36.23% higher at Rs 16.17 crore. Provision for tax was expense of Rs 36.72 crore, compared to Rs 14.71 crore. Effective tax rate was 25.03% compared to 20.93%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 97.88% to Rs 109.98 crore. Equity capital stood at Rs 12.35 crore as of 31 March 2024 to Rs 12.35 crore as of 31 March 2023. Per share face Value remained same at Rs 2.00. Promoters’ stake was 58.43% as of 31 March 2024 ,compared to 58.42% as of 31 March 2023 . Cash flow from operating activities increased to Rs 66.75 crore for year ended March 2024 from Rs 56.58 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 60.10 crore, compared to Rs 42.06 crore during the year ended March 2023. Other Highlights
In 9M FY25, exports contributed 14% of
Gaskets Revenue, 57% of Forgings Revenue, 17% Marelli Talbros Chassis Systems
and 4% of Talbros Marugo Rubber.
During 9M FY25, gasket & Heat Shield
Business grew 8% YoY. Forgings business grew 9% YoY, TMR grew 5% and MTCS grew
10% on YoY basis.
In 9M FY25, 2&3 Wheelers contributed 18%
to revenue, Passenger Vehicle 34%, HCV & LCV 24%, Agri & Off Loaders 11%
and others 9%.
Management Comments :
Anuj Talwar, Managing Director, Talbros
Automotive Components said, “In Q3 FY25, revenues remained stable, driven by
strong domestic sales but offset by a decline in exports to European markets
due to a slowdown in the region`s auto sector. Despite this, we increased our
EBITDA by 7% and improved margins by 90 basis points to 17.4%, driven by cost
efficiencies. We are continually looking at effective execution of a robust
order pipeline and improvements in operational efficiencies. For 9M FY25,
revenues grew by 9% to Rs. 634 crores with EBITDA Margins improving to 17.0%, an
increase of 130 basis points. Our ongoing efforts to enhance margins over the
past few quarters have yielded positive results. Profit after Tax has grown by
13% to Rs. 68 crores. In FY24, the Company secured new orders worth Rs. 980
crores. In the first nine months of FY25, we further strengthened our order
book with significant new orders totaling Rs. 1,475 crores, with execution
already underway for select projects. This shift from order acquisition to
execution marks a crucial milestone, driving revenue generation and reinforcing
our growth trajectory. Secured from leading OEMs across domestic and export
markets, these orders reflect the strong market confidence in TACL and its
joint ventures. Notably, the portfolio includes EV orders from top OEMs. As the
shift towards electric vehicles accelerates, we have strengthened our EV
offerings by securing contracts from domestic and international OEMs while
collaborating with our JV partner and forgings business to expand our focus on
the EV segment. To capitalize on emerging opportunities in both domestic and
international markets, we will continue adopting a diversified and
strategically balanced approach as an auto component provider. This strategy
aims to mitigate market fluctuations and meet varied customer demands by
maintaining exposure across different segments, geographies, and product lines.
Looking ahead, we remain focused on executing our strong order pipeline while
continuously enhancing operational efficiencies. We are committed to our
long-term vision of becoming a leading global player in the automotive
components manufacturing industry. As we pursue this goal, we remain focused on
driving continuous progress and development while proactively adapting to
future market needs to ensure the sustained relevance of our offerings.”
| Talbros Automotive Components : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202412 | 202312 | Var.(%) | 202412 | 202312 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 201.47 | 198.74 | 1.37 | 621.19 | 575.59 | 7.92 | 778.27 | 647.18 | 20.26 | | OPM (%) | 16.22 | 15.32 | 90 bps | 15.27 | 14.59 | 69 bps | 14.73 | 13.49 | 124 bps | | OP | 32.67 | 30.44 | 7.33 | 94.86 | 83.95 | 13.00 | 114.65 | 87.30 | 31.33 | | Other Inc. | 2.93 | 2.74 | 6.93 | 12.60 | 7.82 | 61.13 | 12.60 | 6.20 | 103.23 | | PBIDT | 35.60 | 33.18 | 7.29 | 107.46 | 91.77 | 17.10 | 127.25 | 93.50 | 36.10 | | Interest | 3.24 | 3.55 | -8.73 | 9.98 | 10.14 | -1.58 | 13.27 | 11.36 | 16.81 | | PBDT | 32.36 | 29.63 | 9.21 | 97.48 | 81.63 | 19.42 | 113.98 | 82.14 | 38.76 | | Depreciation | 8.11 | 6.14 | 32.08 | 24.06 | 18.19 | 32.27 | 25.91 | 23.72 | 9.23 | | PBT | 24.25 | 23.49 | 3.24 | 73.42 | 63.44 | 15.73 | 88.07 | 58.42 | 50.75 | | Share of Profit/(Loss) from Associates | 5.16 | 4.71 | 9.55 | 12.41 | 12.14 | 2.22 | 16.17 | 11.87 | 36.23 | | PBT before EO | 29.41 | 28.2 | 4.29 | 85.83 | 75.58 | 13.56 | 104.24 | 70.29 | 48.30 | | EO Income | 0 | 0 | - | 0 | 0 | - | 42.46 | 0 | - | | PBT after EO | 29.41 | 28.2 | 4.29 | 85.83 | 75.58 | 13.56 | 146.7 | 70.29 | 108.71 | | Taxation | 5.59 | 5.45 | 2.57 | 17.98 | 15.39 | 16.83 | 36.72 | 14.71 | 149.63 | | PAT | 23.82 | 22.75 | 4.70 | 67.85 | 60.19 | 12.73 | 109.98 | 55.58 | 97.88 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 23.82 | 22.75 | 4.70 | 67.85 | 60.19 | 12.73 | 109.98 | 55.58 | 97.88 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 23.82 | 22.75 | 4.70 | 67.85 | 60.19 | 12.73 | 109.98 | 55.58 | 97.88 | | EPS (Rs)* | 3.86 | 3.69 | 4.70 | 10.99 | 9.75 | 12.73 | 12.87 | 9.00 | 42.98 | | | * EPS is on current equity of Rs 12.35 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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