Fiem Industries (FIEMIND) Q1 24/25 earnings summary

Executive summary

• Standalone Q1FY25 sales rose 21.86% YoY to ₹573.61 crore; PAT grew 35.02% to ₹49.20 crore.

• Growth was supported by OEM performance, new two-wheeler model supplies and expansion into passenger-car lighting and technology development.

• Unaudited standalone and consolidated results were approved by the Board after Audit Committee review; auditors completed limited reviews.

Financial highlights

• Sales were ₹573.61 crore vs ₹470.71 crore in Q1FY24; standalone revenue from operations was ₹577.69 crore vs ₹474.60 crore.

• Consolidated revenue from operations was ₹577.70 crore vs ₹474.60 crore; consolidated net profit after JV share was ₹48.89 crore vs ₹35.50 crore.

• EBITDA was ₹78.77 crore vs ₹61.65 crore; PAT was ₹49.20 crore vs ₹36.44 crore.

• Standalone EBITDA including other income was ₹82.1 crore; PBT was ₹66.70 crore. Consolidated PBT was ₹66.41 crore.

• Q1 CapEx was ₹28.42 crore; standalone sales rose 3.41% QoQ and PAT rose 4.26% QoQ.

Outlook and guidance

• Management expects positive FY25 demand across segments and 15%–20% revenue growth; it described the outlook as optimistic.

• FY25 CapEx is planned at ~₹100 crore, including maintenance; ₹250–300 crore is planned over 2–3 years for capacity, development and four-wheeler initiatives.

• Four-wheeler revenue is below 1%; the ambition is a significant, potentially double-digit, share within five years.

• Management hopes to maintain EBITDA margins near Q1 levels; no specific Q2 growth figure was given.