The October-December quarter for the automobile sector usually goes well due to all the festival-led sales, however, this fiscal, the auto industry faced challenges even during this quarter. As Auto Sector Q3 Results have started being announced, the earnings for the quarter failed to match the estimates for many automobile companies. While seasonal pressure was there during the quarter which weighed heavily on the sector’s performance, another reason for the sluggish quarter was limited product mix which also declined the sales.
In this article, we will see how four of the most popular auto companies performed in this quarter.
Maruti Suzuki
The largest automobile company in India, Maruti Suzuki announced its q3 results on 29 January, and reported a surge in its consolidated revenue by 15.5% YoY. It went up from ₹31860 crore to ₹36802 crore during the period. Coming to the net profit for the period, surged 12.6% during the quarter. The consolidated net profit for the period was ₹3525 crore. The EPS went up from ₹101.9 in Q3FY24 to ₹112.12 in Q3FY25.
Tata Motors
Tata Motors announced its third-quarter results on 29 January. The consolidated revenue went up from ₹109799 crore to ₹ 112833 crore which is a rise of 2.76% YoY. The consolidated net profit for the period was ₹5578 crore which declined by 22% YoY from ₹7145 crore a year back. The EPS also declined to ₹14.81 from ₹18.32 in the corresponding quarter last fiscal.
Bajaj Auto
Bajaj Auto, one of the most favourite two-wheeler brands in India reported its October-December quarter results on 28 January. The consolidated revenue for the period stood at ₹13168.88 crore up from ₹ 12165.53 crore in Q3FY24 which is a rise of 8.25% YoY. The consolidated profit for the period went up from ₹2032.62 crore to ₹2195.65 crore, surging 8.02%. The EPS went up from ₹71.9 to ₹78.7 YoY while compared to September, it went up massively, as the EPS for the September quarter was down at ₹49.7.
TVS Motor
TVS Motor reported its third-quarter earnings on 28 January and the revenue (consolidated) went up by 10.1% during the quarter. It went up from ₹10113.94 crore in Q3FY24 to ₹11134.63 crore in Q3FY25. The net profit for the period went up by 19.6% YoY from ₹509.61 crore to ₹609.35 crore. The EPS on the other hand went up from ₹10.08 to ₹11.91 however, marginally increased as the previous quarter’s EPS stood at ₹11.80.
Wrapping up
While these four auto industry quarterly results show mixed results for Tata Motors the profit went down, while for the others it went up but few didn’t meet the estimates. More auto companies are about to announce their results for the quarter, and that will further help in understanding how the overall quarter went for the sector.
Source: CNBC TV18
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