Jamna Auto Industries (520051) Q2 24/25 earnings summary

Executive summary

• Net sales for Q2 FY 24-25 declined 16% year-over-year and 8% sequentially, reflecting industry headwinds.

• EBITDA margin remained stable at 13.1% in Q2 FY 24-25, despite lower sales.

• Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2024.

• Interim dividend of Rs. 1.00 per equity share declared for FY 2024-25, with record date set for November 28, 2024.

• Appointment of Lt. Gen. Ravin Khosla (Retd) as Non-Executive Independent Director for a five-year term.

Financial highlights

• Q2 FY 24-25 net sales: ₹513 crore, down from ₹607 crore in Q2 FY 23-24 and ₹557 crore in Q1 FY 24-25.

• Q2 FY 24-25 EBITDA: ₹67 crore (13.1% margin), down from ₹80 crore (13.3%) YoY and ₹76 crore (13.7%) QoQ.

• Standalone revenue from operations for Q2 FY25 was Rs. 50,216.32 lakhs, down from Rs. 54,232.10 lakhs in Q1 FY25 and Rs. 58,824.51 lakhs in Q2 FY24.

• Consolidated revenue from operations for Q2 FY25 was Rs. 51,280.79 lakhs, down from Rs. 55,713.65 lakhs in Q1 FY25 and Rs. 60,735.65 lakhs in Q2 FY24.

• Q2 FY 24-25 PBT: ₹56 crore (10.9% margin), down from ₹69 crore (11.3%) YoY and ₹65 crore (11.6%) QoQ.

Outlook and guidance

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

• Board and management continue to focus on operational efficiency and prudent capital allocation.