ASM Technologies (526433) Q1 24/25 earnings summary

Executive summary

• Q1 FY25 revenue from operations was ₹313.56m standalone and ₹526.20m consolidated; net profit was ₹19.60m and ₹28.47m, respectively.

• Consolidated results improved from a year-ago net loss of ₹3.03m to net profit of ₹28.47m; standalone net profit rose from ₹1.60m.

Financial highlights

• Standalone revenue from operations was ₹313.56m vs ₹298.27m in Q1 FY24; total income was ₹341.03m vs ₹321.35m.

• Consolidated revenue from operations was ₹526.20m vs ₹509.52m in Q1 FY24; total income was ₹558.18m vs ₹529.32m.

• Standalone profit before tax was ₹28.70m vs ₹9.84m; consolidated profit before tax was ₹17.77m vs a loss of ₹4.60m.

• Total comprehensive income was ₹21.99m standalone and a loss of ₹21.40m consolidated, including consolidated OCI impact from investment fair values and foreign currency translation.

Outlook and guidance

• Management plans to reduce operating costs at two overseas subsidiaries and is authorized to provide further funds as needed; management considers going-concern accounting appropriate.

• Management considers the going-concern assumption appropriate for RV Forms & Gears LLP and expects its recognized deferred tax asset to be offset against future taxable profits.