Tata Group’s Small-Cap Multibagger Stock Announces Q3 Earnings

Revenue from operations stood at Rs 198.16 crore for Q3 FY25, slightly up from Rs 197.11 crore in Q2 but down from Rs 216.44 crore in Q3 FY24

Automotive Stampings and Assemblies Limited (ASAL), promoted by Tata Autocomp Systems Ltd (TACO), has released its unaudited financial results for Q3 FY25. ASAL specializes in manufacturing sheet-metal stampings and welded assemblies for passenger cars and commercial vehicles, which contribute over 95 per cent of its revenue. The company operates four manufacturing facilities across India.

Financial Highlights

Income:

• Revenue from Operations: Rs 198.16 crore in Q3 FY25, marking a marginal increase of 0.53 per cent compared to Rs 197.11 crore in Q2 but a decline of 8.44 per cent from Rs 216.44 crore in Q3 FY24.
• Other Income: Rs 0.94 crore in Q3 FY25, down 40.46 per cent from Rs 1.58 crore in Q2 but significantly higher than Rs 0.21 crore in Q3 FY24.
• Total Income: Rs 199.10 crore in Q3 FY25, reflecting a 0.21 per cent rise from Rs 198.68 crore in Q2 but an 11.81 per cent decline compared to Rs 216.65 crore in Q3 FY24.

Expenses:

• Total Expenses: Rs 195.53 crore in Q3 FY25, representing an increase of 0.58 per cent from Rs 194.40 crore in Q2 but a decrease of 7.73 per cent from Rs 211.91 crore in Q3 FY24.
• For the nine months ended December 31, 2024, total expenses stood at Rs 577.96 crore, which is 9.10 per cent lower than Rs 635.74 crore reported for the same period in FY24.

Profitability:

• Profit Before Tax (PBT): Rs 3.57 crore in Q3 FY25, reflecting a decline of 16.67 per cent from Rs 4.28 crore in Q2 and 24.68 per cent from Rs 4.74 crore in Q3 FY24.
• For the nine months ended December 31, 2024, profit after tax was Rs 11.84 crore, down 5.63 per cent compared to Rs 12.55 crore in the same period of FY24.

Other Updates

• Earnings per Share (EPS): Rs 2.25 for Q3 FY25.
• Liabilities: Current liabilities exceeded current assets by Rs 58.70 crore as of December 31, 2024. However, the company expects to address this gap through bank financing and support from its holding company.

ASAL shares closed at Rs 565 on January 27, 2025, registering a decline of 8.58 per cent. The company’s market capitalization stood at Rs 895 crore. Over the past 5 years the stock has rallied more than 1,677 per cent. 

Disclaimer: This article is for informational purposes only and should not be construed as investment advice.