Automotive Axles Ltd (BOM:505010)
₹ 1750.25 -21.9 (-1.24%) Market Cap: 26.45 Bil Enterprise Value: 23.59 Bil PE Ratio: 17.25 PB Ratio: 2.95 GF Score: 82/100
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Q1 2025 Automotive Axles Ltd Earnings Call Transcript

Aug 07, 2024 / 09:30AM GMT
Release Date Price: ₹1948.25 (-2.14%)

Key Points

Positve
  • Automotive Axles Ltd (BOM:505010) reported an operating margin improvement of 0.5% as per SEBI Circular.
  • The company is launching new products in the bus and construction equipment segments, expected to generate revenue in Q3 and Q4.
  • Confirmed orders have been received for the new bus and construction equipment segments.
  • The company is working on a 5-year growth strategy to maximize shareholder value.
  • Automotive Axles Ltd (BOM:505010) is investing INR100 crores to upgrade manufacturing lines, including gear manufacturing and assembly.
Negative
  • Revenue degrew by 7.4% compared to the last quarter, primarily due to lower MHCV market volumes.
  • PBT decreased to 13.2% from 13.5% in the same quarter last year.
  • Capacity utilization is currently at 65-70%, with peaks reaching 80-85%, indicating underutilization.
  • The company expects a 5% degrowth in the MHCV market for the current financial year.
  • Export revenue remains in the double digits, with no significant growth reported.
Operator

Ladies and gentlemen, good day, and welcome to the Automotive Axles' Q1 FY25 conference call hosted by Batlivala & Karani Securities India Private Limited. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Sailesh from Batlivala & Karani Securities India Private Limited. Thank you, and over to you, sir.

Sailesh Raja;Nagaraja Gargeshwari
Batlivala & Karani Securities India Private Limited - IR;Automotive Axles Ltd - President, Whole

Yes. Thanks, Sumit. Good afternoon, and thanks to everyone who have logged into Automotive Axles 1Q FY25 Earnings Conference Call. Now let me introduce you to the management participating with us in today's earnings call. We have with us Mr. Nagaraja, our President and Whole-Time Director, Automotive Axles; Mr. Ranganathan S., CFO, Automotive Axles; and Mr. Kishan Kumar, GM Meritor of India.

I would now like to turn the call to Mr. Nagaraja for the opening remarks, followed by Q&A. Sir, you may begin.

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