Auto Parts & Equipment company Talbros Automotive Components announced Q4FY24 & FY24 results: Income: Rs 791 crore up by 21% EBITDA: Rs 127 crore up by 36% PBT Rs 104 crore up by 48% PAT: Rs 83 crore up by 49% For FY24 Exports Contributed 15% of Gaskets Revenue, 54% of Forgings Revenue, 17% Marelli Talbros Chassis Systems, 6% of Talbros Marugo Rubber The Board of Directors has recommended Final Dividend of Rs 0.50 per Equity Share of Face Value of Rs 2 each of the Company (25% of Face Value). Total Dividend for FY:2023-24 stood at Rs 0.70 per Equity Share (including Interim Dividend of Rs 0.20 per Equity Share) Commenting on the performance Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said: “For FY24, TACL has demonstrated robust growth throughout the year in terms of business performance and profitability on back of strong order execution and operational efficiencies. For FY24, Total Revenue grew by 21% YoY at Rs 791 crore with EBITDA margins at 16.1%. In Q4 FY24, Company has reported strong revenue growth at 17% YoY, with a 32% increase in EBITDA to Rs. 36 crore and a 35% growth in Net Profit to Rs 23 crore. Over the last two years company has been consistently securing new orders throughout product segments. Even in FY25, Company has secured, through our JV, order of Rs 1,000 crore from a leading European OEM. This order is centered on the supply of Suspension Arms tailored for both conventional ICE vehicles and new age EV platforms for EMEA and NAFTA regions. This order adds a new customer for TACL group in Europe. This will further improve the market share in Europe and open new avenues of growth with existing and new OEMs in that region. Result PDF
Conference Call with Talbros Automotive Components Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipments company Talbros Automotive Components announced Q2FY24 & H1FY24 results: Q2FY24: Total Income from Operations: Rs 196.6 crore, a 21% YoY increase. EBITDA: Rs 30.8 crore, up by 39% YoY. EBITDA Margin: 15.6%. Profit After Tax: Rs 20.0 crore, a 53% YoY growth. PAT Margin: 10.2%. H1FY24: Total Income from Operations: Rs 381.9 crore, showing a 21% YoY rise. EBITDA: Rs 58.6 crore, a 37% YoY increase. EBITDA Margin: 15.3%. Profit After Tax: Rs 37.4 crore, up 50% YoY. PAT Margin: 9.8%. The Board of Directors has declared an interim Dividend of Rs 0.20/- per Equity Share of Face Value of Rs 2 each of the Company (10% of Face Value). Commenting on the performance Anuj Talwar, Jt. Managing Director, Talbros Automotive Components said, “The first half of the fiscal year once again, for Talbros Automotive Components Limited, logged strong momentum in business growth and profitability over and above last year's performance. For H1FY24, Revenue from operations grew by 21% to ~Rs 382 crore whereas EBITDA stood at ~Rs 59 crore with EBITDA margins at 15.3%, which has significantly improved year on year basis due to better sales mix and internal operational efficiencies. Such a set of growth numbers has been stable on the back of the stellar performance in Q2FY24 where revenue from operations and EBITDA grew by 21% and 39% respectively. On the back of the orders won in FY23 and H1FY24 we are all set to grow upwards with a similar trend and efforts are put in to win more orders to strengthen our current order book. JV operations have shown resilient performance throughout the year across its respective segments, especially CV and PV segments. Furthermore, we shall continue to stay as a diversified and hedged auto component player and execute a set plan of actions towards strengthening our product portfolio by adding new value-added products to capitalize on the growing opportunities in the market, both domestic and global. Innovation and business development have been the backbone of the company's upward growth strategy and it continues to maintain this trajectory. This shall push us to achieve our FY27 group sales target of ~Rs 2,200 crore business overall with the contribution of 35% coming from the export market. The focus shall be on expanding exports business which shall assist in sustainable margins going ahead.” Result PDF
Conference Call with Talbros Automotive Components Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Talbros Automotive Components announced Q1FY24 results: Total income from operations of Rs 185.3 crore in Q1FY24 compared to Rs 154.7 crore in Q1FY23, up 20% YoY EBITDA of Rs 27.8 crore in Q1FY24 compared to Rs 20.7 crore in Q1FY23, up 34% YoY EBITDA margin of 15% in Q1FY24 compared to 13.4% in Q1FY23 Profit after tax of Rs 17.4 crore in Q1FY24 compared to Rs 11.9 crore in Q1FY23, up 46% YoY PAT margin of 9.4% in Q1FY24 compared to 7.7% in Q1FY23 Commenting on the performance Anuj Talwar, Jt. Managing Director, Talbros Automotive Components said, “Talbros Automotive Components Limited has begun FY24 with strong performance both in business growth and profitability standpoint. For Q1FY24, Revenue from operations stands at Rs 185 crore with a growth of 20% YoY. EBITDA grew by 34% YoY to Rs 28 crore. We achieved an EBITDA margin of 15%, which we believe shall be sustainable going forward. Net profit grew by 46% YoY to Rs 17 crore with a margin of 9.4%. Overall business growth and operational efficiencies have resulted in healthy margins. Over and above the orders received last year of Rs ~1,000 crore, the momentum of winning orders continues with the receipt of orders worth ~Rs 400 crore from both, domestic and overseas customers across its business divisions, product segments, and JVs. These orders are to be executed over the next 5-7 years covering the company's product lines — gaskets, heat shields, forgings, and chassis. Of this, “Rs 215 crore is received from a leading established export OEM for the Electric Vehicles (EV). We are dedicated to achieving our long-term goal of establishing ourselves as a prominent global leader in the automotive components manufacturing industry. Throughout our endeavours, we are determined to maintain our progress and development, while simultaneously looking towards the future by ensuring the continued pertinence of the services we provide. The company lays strong emphasis on R&D; and innovation to consistently enhance and adopt newer technologies. By FY27, we intend to achieve our Group sales turnover of Rs 2,200 crore business overall with an export contribution of 35%. We have expanded and will continue to increase our emphasis on exports which shall assist in sustainable margins.” Result PDF