Wheels India (WHEELS) Q1 24/25 earnings summary

Executive summary

• Q1 FY25 standalone total income fell 4.0% YoY to ₹1,088.20 Cr, while PAT rose 91.9% to ₹25.37 Cr and EBITDA margin expanded to 7.30%.

• Consolidated revenue from operations declined YoY to ₹1,165.88 Cr; consolidated net profit increased to ₹23.74 Cr from ₹8.70 Cr.

Financial highlights

• Standalone revenue from operations was ₹1,082.58 Cr versus ₹1,128.36 Cr; total income was ₹1,088.20 Cr versus ₹1,133.02 Cr.

• Standalone EBITDA increased 24.6% YoY to ₹79.48 Cr; PBT rose 94.0% to ₹32.93 Cr and PAT rose 91.9% to ₹25.37 Cr.

• Consolidated PBT was ₹31.47 Cr versus ₹10.97 Cr; revenue from operations was ₹1,165.88 Cr versus ₹1,211.63 Cr.

• Standalone interest expense decreased 6.7% YoY to ₹25.98 Cr; depreciation increased 8.4% to ₹20.57 Cr.

Segment performance

• Consolidated automotive components revenue was ₹974.41 Cr versus ₹1,010.87 Cr; segment result before tax and interest rose to ₹62.20 Cr from ₹35.33 Cr.

• Consolidated industrial components revenue was ₹191.47 Cr versus ₹200.76 Cr; segment result before tax and interest was a ₹1.26 Cr loss versus ₹6.60 Cr profit.

• Consolidated segment results before tax and interest totaled ₹60.94 Cr versus ₹41.93 Cr; interest was ₹29.47 Cr versus ₹30.96 Cr.