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Power Motors tractor (Photograph credit: firm web site)
The autumn within the share worth got here on the again of weak June gross sales numbers. Power Motors’ complete gross sales slipped 2.9 per cent to 2,553 models, versus 2,628 models in the identical month final yr (June, 2023).
The corporate noticed its greatest fall within the export gross sales of Small Industrial Automobiles (SCV), Mild Industrial Automobiles (LCV) and Utility Automobiles (UV), which dropped a whopping 80 per cent to 88 models, versus 440 models in the identical month final yr.
Nonetheless, Small Industrial Automobiles (SCV), Mild Industrial Automobiles (LCV) and Utility Automobiles (UV) gross sales, domestically, surged 12.7 per cent to 2,465 models in June 2024, as in comparison with 2,188 models in June 2023.
Power Motors Ltd is an Indian multinational automotive producer headquartered in Pune, has a wealthy historical past relationship again to its institution in 1958 as Bajaj Tempo Motors.
Initially a three way partnership between Bajaj Buying and selling Ltd and Germany’s Tempo, the corporate specialised in manufacturing auto-components. In 2005, it rebranded to Power Motors Ltd.
Identified for iconic manufacturers like Gurkha, Matador, Minidor, and Traveller, Power Motors has solid partnerships with world giants similar to Rolls Royce, BMW, Daimler, ZF, Bosch, VW, Traton, and MAN for manufacturing auto-components. It holds the excellence of being India’s largest van maker and operates with full vertical integration, producing its personal parts throughout its total product vary.
Power Motors boasts a widespread seller community all through India and exports its autos to numerous worldwide markets together with Africa, Latin America, SAARC and ASEAN nations, Gulf nations, and Germany.
Monetary efficiency
Power Motors’ reported a 4.3 per cent year-on-year (Y-o-Y) lower in web revenue to Rs 140.3 crore for the fourth quarter ending March 31, 2024 (Q4FY24, versus a web revenue of Rs 146.6 crore in the identical quarter a yr in the past (Q4FY23).
Income from operations for the quarter surged 35 per cent to Rs 2,011.2 crore from Rs 1,490.3 crore within the corresponding interval of the earlier fiscal yr.
On the working entrance, earnings earlier than curiosity, tax, depreciation, and amortisation (Ebitda) rose sharply to Rs 278.7 crore, in comparison with Rs 120.8 crore in the identical quarter final yr.
The Ebitda margin additionally improved to 13.9 per cent from 8.1 per cent within the earlier yr.
The board of administrators has proposed a dividend of Rs 20 per fairness share of Rs 10 every for FY24.
The market capitalisation of Power Motors is Rs 11,908.42 crore, in line with Bombay Inventory Trade (BSE).
At 10:13 AM, shares of the corporate have been buying and selling 0.54 per cent decrease at Rs 9,137.20 per share. Compared, BSE Sensex was buying and selling 0.65 per cent larger at 79,956.52 ranges.
First Printed: Jul 03 2024 | 10:26 AM IST
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