ASM Technologies (526433) Q2 24/25 earnings summary

Executive summary

• Q2 FY25 revenue was ₹373.16 million standalone and ₹569.39 million consolidated; H1 revenue reached ₹686.72 million and ₹1,095.59 million, respectively.

• H1 profit improved YoY: standalone PAT ₹73.89 million vs ₹4.71 million; consolidated PAT ₹52.84 million vs a loss of ₹30.31 million.

• Auditors’ limited reviews concluded that nothing came to their attention indicating material misstatement or non-compliance in the unaudited results.

Financial highlights

• Standalone Q2 revenue from operations was ₹373.16 million vs ₹318.19 million YoY; PBT was ₹81.88 million vs ₹10.79 million and PAT was ₹54.29 million vs ₹3.11 million.

• Standalone H1 revenue was ₹686.72 million vs ₹616.46 million; PBT ₹110.58 million vs ₹20.63 million; PAT ₹73.89 million vs ₹4.71 million.

• Consolidated Q2 revenue was ₹569.39 million vs ₹503.85 million YoY; PBT ₹40.10 million vs a loss of ₹32.79 million; PAT ₹24.37 million vs a loss of ₹27.28 million.

• Consolidated H1 revenue was ₹1,095.59 million vs ₹1,013.37 million; PBT ₹57.57 million vs a loss of ₹37.18 million; PAT ₹52.84 million vs a loss of ₹30.31 million.

• Q2 other income was ₹52.30 million standalone and ₹27.08 million consolidated; no exceptional items were recorded in the reported periods.

Outlook and guidance

• Management’s action plan for loss-making overseas subsidiaries includes reducing operating costs in coming years; further funding may be infused as required.

• Merger accounting for ASM Digital Engineering Private Limited is to take effect from the date approved by NCLT; the required filings have been made.