Jamna Auto Industries (520051) Q1 24/25 earnings summary

Executive summary

• Net sales for Q1 FY 24-25 were INR 557 crore, down 13% sequentially and 3% year-over-year.

• EBITDA for Q1 FY 24-25 was INR 76 crore, a 15% decrease sequentially but a 3% increase year-over-year.

• Profit before tax (PBT) was INR 65 crore, down 17% sequentially and up 3% year-over-year.

• PAT for Q1 FY 24-25 stood at INR 46 crore, a 15% sequential decline and a 2% year-over-year increase.

• Unaudited consolidated and standalone financial results for the quarter ended June 30, 2024, were approved and released following a delay due to a ransomware incident affecting IT systems.

Financial highlights

• Consolidated revenue from operations for Q1 FY25 was ₹55,713.65 lakhs, down from ₹64,014.54 lakhs in Q4 FY24 and ₹57,526.25 lakhs in Q1 FY24.

• Consolidated net profit for Q1 FY25 was ₹4,638.46 lakhs, compared to ₹5,477.47 lakhs in Q4 FY24 and ₹4,559.26 lakhs in Q1 FY24.

• EBITDA margin was 13.7% in Q1 FY 24-25, compared to 13.9% in Q4 FY 23-24 and 12.9% in Q1 FY 23-24.

• Cash accruals were INR 57 crore, down from INR 65 crore in the previous quarter and INR 56 crore year-over-year.

• Basic EPS (consolidated) for Q1 FY25 was ₹1.16, compared to ₹1.38 in Q4 FY24 and ₹1.14 in Q1 FY24.

Outlook and guidance

• Targeting 50% revenue from new products and new markets by FY 2026-27.

• The company continues to monitor IT systems for security and stability, with no further anomalies detected post-incident.