On consolidated basis
Quarter ended December 2024 compared with Quarter ended December 2023.
Net sales (including other operating income) of Munjal Auto Industries has increased 23.67% to Rs 522.09 crore. Sales of Auto Components segment has gone up 12.08% to Rs 309.79 crore (accounting for 59.34% of total sales). Sales of Composite Products and Moulds segment has gone up 45.64% to Rs 212.30 crore (accounting for 40.66% of total sales). Profit before interest, tax and other unallocable items (PBIT) has slumped 48.98% to Rs 11.45 crore. PBIT of Auto Components segment fell 93.55% to Rs 1.13 crore (accounting for 9.88% of total PBIT). PBIT of Composite Products and Moulds segment rose 110.54% to Rs 10.32 crore (accounting for 90.12% of total PBIT). PBIT margin of Auto Components segment fell from 6.35% to 0.37%. PBIT margin of Composite Products and Moulds segment rose from 3.36% to 4.86%. Overall PBIT margin fell from 5.32% to 2.19%. Operating profit margin has declined from 6.17% to 4.27%, leading to 14.32% decline in operating profit to Rs 22.31 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 64.84% to 71.38%. Employee cost decreased from 11.74% to 9.64%. Other expenses fell from 16.72% to 14.65%. Other income fell 56.06% to Rs 4.64 crore. PBIDT fell 26.37% to Rs 26.95 crore. Provision for interest rose 21.32% to Rs 8.48 crore. PBDT fell 37.62% to Rs 18.47 crore. Provision for depreciation rose 9.39% to Rs 15.49 crore. Profit before tax down 80.71% to Rs 2.98 crore. Share of profit/loss were nil in both the periods. Provision for tax was debit of Rs 4.97 crore, compared to credit of Rs 0.06 crore. Effective tax rate was 166.78% compared to 0.26%. Net profit attributable to owners of the company increased 81.96% to Rs -2.21 crore. Promoters’ stake was 74.81% as of 31 December 2024 ,compared to 74.81% as of 31 December 2023 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Munjal Auto Industries has increased 5.36% to Rs 1554.5 crore. Operating profit margin has declined from 5.87% to 5.33%, leading to 4.50% decline in operating profit to Rs 82.78 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 71.74% to 70.39%. Employee cost increased from 9.36% to 10.25%. Other expenses rose from 12.90% to 14.02%. Other income rose 6.46% to Rs 29.83 crore. PBIDT fell 1.82% to Rs 112.61 crore. Provision for interest rose 8.68% to Rs 22.91 crore. PBDT fell 4.19% to Rs 89.7 crore. Provision for depreciation rose 5.18% to Rs 43.86 crore. Profit before tax down 11.71% to Rs 45.84 crore. Share of profit/loss were nil in both the periods. Extraordinary items were increased to Rs -12.00 crore. Provision for tax was expense of Rs 5.05 crore, compared to Rs 11.33 crore. Effective tax rate was 14.92% compared to 86.75%.Net profit attributable to owners of the company increased 148.06% to Rs 28.13 crore. Promoters’ stake was 74.81% as of 31 December 2024 ,compared to 74.81% as of 31 December 2023 .
Full year results analysis.
Net sales (including other operating income) of Munjal Auto Industries has declined 5.17% to Rs 1881.76 crore. Sales of Auto Components segment has gone down 16.38% to Rs 1,322.42 crore (accounting for 70.28% of total sales). Sales of Composite Products and Moulds segment has gone up 38.85% to Rs 559.34 crore (accounting for 29.72% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 102.73% to Rs 100.69 crore. PBIT of Auto Components segment rose 32.24% to Rs 65.50 crore (accounting for 65.06% of total PBIT). PBIT of Composite Products and Moulds segment rose 26,941.30% to Rs 35.18 crore (accounting for 34.94% of total PBIT). PBIT margin of Auto Components segment rose from 3.13% to 4.95%. PBIT margin of Composite Products and Moulds segment rose from 0.03% to 6.29%. Overall PBIT margin rose from 2.50% to 5.35%. Operating profit margin has jumped from 4.53% to 6.40%, leading to 33.79% rise in operating profit to Rs 120.34 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 76.71% to 69.92%. Employee cost increased from 8.22% to 9.95%. Other expenses rose from 10.69% to 13.68%. Other income rose 183.12% to Rs 36.07 crore. PBIDT rose 52.31% to Rs 156.41 crore. Provision for interest rose 1.70% to Rs 27.52 crore. Loan funds declined from Rs 281.62 crore as of 31 March 2023 to Rs 276.31 crore as of 31 March 2024. Inventories rose to Rs 208.81 crore as of 31 March 2024 from Rs 208.24 crore as of 31 March 2023. Sundry debtors were lower at Rs 276.59 crore as of 31 March 2024 compared to Rs 437.32 crore as of 31 March 2023. Cash and bank balance declined from Rs 12.96 crore as of 31 March 2023 to Rs 12.42 crore as of 31 March 2024. Investments rose to Rs 170.75 crore as of 31 March 2024 from Rs 104.49 crore as of 31 March 2023 . PBDT rose 70.42% to Rs 128.89 crore. Provision for depreciation rose 5.09% to Rs 55.72 crore. Fixed assets declined from Rs 423.53 crore as of 31 March 2023 to Rs 407.38 crore as of 31 March 2024. Intangible assets stood at Rs 0.46 crore. Profit before tax grew 223.62% to Rs 73.17 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 23.21 crore, compared to Rs 18.63 crore. Effective tax rate was 37.90% compared to 26.52%. Minority interest increased 89.80% to Rs -0.46 crore. Net profit attributable to owners of the company decreased 31.44% to Rs 38.49 crore. Equity capital stood at Rs 20.00 crore as of 31 March 2024 to Rs 20.00 crore as of 31 March 2023. Per share face Value remained same at Rs 2.00. Promoters’ stake was 74.81% as of 31 March 2024 ,compared to 74.81% as of 31 March 2023 . Cash flow from operating activities increased to Rs 127.18 crore for year ended March 2024 from Rs 33.37 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 41.04 crore, compared to Rs 29.38 crore during the year ended March 2023.
| Munjal Auto Industries : 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) | 522.09 | 422.17 | 23.67 | 1,554.50 | 1,475.43 | 5.36 | 1,881.76 | 1,984.29 | -5.17 | | OPM (%) | 4.27 | 6.17 | -189 bps | 5.33 | 5.87 | -55 bps | 6.40 | 4.53 | 186 bps | | OP | 22.31 | 26.04 | -14.32 | 82.78 | 86.68 | -4.50 | 120.34 | 89.95 | 33.79 | | Other Inc. | 4.64 | 10.56 | -56.06 | 29.83 | 28.02 | 6.46 | 36.07 | 12.74 | 183.12 | | PBIDT | 26.95 | 36.60 | -26.37 | 112.61 | 114.70 | -1.82 | 156.41 | 102.69 | 52.31 | | Interest | 8.48 | 6.99 | 21.32 | 22.91 | 21.08 | 8.68 | 27.52 | 27.06 | 1.70 | | PBDT | 18.47 | 29.61 | -37.62 | 89.70 | 93.62 | -4.19 | 128.89 | 75.63 | 70.42 | | Depreciation | 15.49 | 14.16 | 9.39 | 43.86 | 41.7 | 5.18 | 55.72 | 53.02 | 5.09 | | PBT | 2.98 | 15.45 | -80.71 | 45.84 | 51.92 | -11.71 | 73.17 | 22.61 | 223.62 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 2.98 | 15.45 | -80.71 | 45.84 | 51.92 | -11.71 | 73.17 | 22.61 | 223.62 | | EO Income | 0 | -38.86 | - | -12 | -38.86 | 69.12 | -11.93 | 47.65 | PL | | PBT after EO | 2.98 | -23.41 | LP | 33.84 | 13.06 | 159.11 | 61.24 | 70.26 | -12.84 | | Taxation | 4.97 | -0.06 | PL | 5.05 | 11.33 | -55.43 | 23.21 | 18.63 | 24.58 | | PAT | -1.99 | -23.35 | 91.48 | 28.79 | 1.73 | 1,564.16 | 38.03 | 51.63 | -26.34 | | Minority Interest (MI) | 0.22 | -11.1 | PL | 0.66 | -9.61 | PL | -0.46 | -4.51 | 89.80 | | Net profit | -2.21 | -12.25 | 81.96 | 28.13 | 11.34 | 148.06 | 38.49 | 56.14 | -31.44 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | -2.21 | -12.25 | 81.96 | 28.13 | 11.34 | 148.06 | 38.49 | 56.14 | -31.44 | | EPS (Rs)* | -0.22 | 0.81 | PL | 3.81 | 4.51 | -15.46 | 4.60 | 1.81 | 154.65 | | | * EPS is on current equity of Rs 20.00 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 |
|
| Munjal Auto Industries : Consolidated Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
|---|
| % of (Total) | 202412 | 202312 | Var.(%) | % of (Total) | 202112 | 202012 | Var.(%) | % of (Total) | 202403 | 202303 | Var.(%) |
|---|
| Sales | | Auto Components | 59.34 | 309.79 | 276.40 | 12.08 | 90.18 | 1,395.83 | 1,416.94 | -1.49 | 70.28 | 1,322.42 | 1,581.46 | -16.38 | | Composite Products and Moulds | 40.66 | 212.30 | 145.77 | 45.64 | 9.82 | 151.98 | 95.37 | 59.36 | 29.72 | 559.34 | 402.83 | 38.85 | | Total Reported Sales | 100.00 | 522.09 | 422.17 | 23.67 | 100.00 | 1,547.81 | 1,512.31 | 2.35 | 100.00 | 1,881.76 | 1,984.29 | -5.17 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 522.09 | 422.17 | 23.67 | 100.00 | 1,547.81 | 1,512.31 | 2.35 | 100.00 | 1,881.76 | 1,984.29 | -5.17 | | PBIT | | Auto Components | 9.88 | 1.13 | 17.55 | -93.55 | 59.15 | 22.84 | 20.13 | 13.45 | 65.06 | 65.50 | 49.54 | 32.24 | | Composite Products and Moulds | 90.12 | 10.32 | 4.90 | 110.54 | 40.85 | 15.77 | -2.19 | LP | 34.94 | 35.18 | 0.13 | 26,941.30 | | Total PBIT | 100.00 | 11.45 | 22.45 | -48.98 | 100.00 | 38.62 | 17.95 | 115.17 | 100.00 | 100.69 | 49.67 | 102.73 | | Less : Interest | | 8.48 | 6.99 | 21.26 | | 8.91 | 11.78 | -24.31 | | 27.52 | 27.06 | 1.70 | | Add: Other un-allcoable | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | PBIT Margin(%) | | Auto Components | | 0.37 | 6.35 | -598.43 | | 1.64 | 1.42 | 21.55 | | 4.95 | 3.13 | 182.11 | | Composite Products and Moulds | | 4.86 | 3.36 | 149.90 | | 10.38 | -2.29 | 1,267.24 | | 6.29 | 0.03 | 625.74 | | PBT | 100.00 | 2.97 | 15.46 | -80.77 | 100.00 | 29.70 | 6.17 | 381.49 | 100.00 | 73.17 | 22.60 | 223.68 |
|
|