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Operational Highlights
Financial Statements
About Us
11
Revenue
4,000
3,747
3,483
3,500
3,000
2,500
2,000
1,500
1,000
500
-
Q1FY16
Q1FY17
500
450
400
350
300
250
200
150
100
50
-
11.7%
12.2%
1.5%
60
50
1.1%
1.4%
1.2%
40
1.0%
8.0%
438
30
425
Q1FY16
0.8%
52
6.0%
4.0%
41
20
0.6%
0.4%
2.0%
10
0.0%
Q1FY17
1.6%
0.2%
0.0%
Q1FY16
Q1FY17
EBITDA margin increased from 11.7% in Q1FY16 to 12.2% in Q1FY17 mainly due to decline in raw
material cost
Cost of raw material as percentage of revenue declined from 67.0% in Q1FY16 to 64.4% in Q1FY17 due to
localization efforts and declining commodity prices
Staff cost as percentage of revenue increased from 10.8% in Q1FY16 to 12.4% in Q1FY17, led by higher
bonus due to statutory amendment and minimum wage rate hike twice in Haryana in previous year
PAT after minority interest and share of loss of associate at Rs 52mn in Q1FY17 compared to Rs
41mn in Q1FY16, an increase of ~Rs 11mn
Refer Slide 9 for detailed P&L Statement
Revenue
4,500
4,013
4,000
3,483
14.9%
16.0%
12.2%
600
3,500
2,500
400
2,000
300
5.4%
250
10.0%
5.0%
200
4.0%
150
8.0%
1,500
598
6.0%
425
200
1,000
100
500
-
Q1FY17
4.0%
218
100
0.0%
Q4FY16
3.0%
1.5%
50
2.0%
Q4FY16
6.0%
14.0%
12.0%
500
3,000
52
-
Q1FY17
2.0%
1.0%
0.0%
Q4FY16
Q1FY17
PAT after minority interest and share of loss of associate stood at Rs 52mn in Q1FY17 compared
to Rs 218mn in Q4FY16
Q4FY16 included an extraordinary gain of Rs 99mn from sale of investment
Revenue
3,000
2,601
2,642
350
11.0%
10.0%
300
2,500
250
2,000
35
10.0%
30
8.0%
200
1.0%
0.7%
6.0%
150
1,000
259
4.0%
100
500
2.0%
50
Q1FY16
Q1FY17
0.0%
Q1FY16
Q1FY17
10
0.8%
31
15
292
1.4%
1.2%
25
20
1,500
1.2%
0.6%
0.4%
18
0.2%
0.0%
Q1FY16
Q1FY17
Revenue
3,500
3,000
400
2,918
2,642
12.5%
11.0%
350
200
1,500
366
150
1,000
292
Q4FY16
Q1FY17
164
5.0%
100
6.0%
80
4.0%
3.0%
1.2%
60
40
50
6.0%
120
8.0%
4.0%
100
500
12.0%
160
10.0%
250
2,000
180
140
300
2,500
14.0%
Q4FY16
2.0%
20
0.0%
Q1FY17
2.0%
1.0%
31
0.0%
Q4FY16
Q1FY17
Q1FY17
13.5%
13.9%
86.1%
86.5%
Driveline
Driveline
*Note: Break-up on Standalone basis, Steering & column product group includes EPAM sales
Q1FY17
6.9%
93.1%
Exports
Domestic
8.4%
91.6%
Exports
Domestic
Capacity utilization
Capacity Utilization across product categories during YTD FY17
Steering Products Group 58% for Q1FY17
Drive line Products Group 26% for Q1FY17
Q1FY16
RPS-M
25.6%
Others
25.8%
Column
5.3%
RPS-M
24.2%
Others
26.1%
Column
7.3%
EPS
19.9%
Axle
11.8%
RPS-H
11.6%
Note: Break up on standalone basis
Axle
12.6%
EPS
17.4%
RPS-H
12.4%
Q1 FY17
Q4 FY16
QoQ (%)
Q1 FY16
YoY (%)
FY16
3,463.8
3,977.5
(12.9%)
18.9
3,482.7
3,057.8
2,242.0
430.5
385.2
424.9
253.0
171.9
79.4
15.1
107.5
33.8
73.7
(0.3)
35.1
4,012.6
3,414.4
2,562.6
445.2
406.6
598.2
255.1
343.1
84.7
15.5
(99.0)
372.8
100.9
271.9
(0.3)
(46.2%)
(13.2%)
(10.4%)
(12.5%)
(3.3%)
(5.2%)
(29.0%)
(0.8%)
(49.9%)
(6.2%)
(2.6%)
(71.2%)
(66.5%)
(72.9%)
(2.5%)
3,723.6
(7.0%)
15,088.7
23.2
3,746.7
3,308.5
2,510.5
405.5
392.6
438,2
245.1
193.0
74.0
12.9
131.9
48.8
83.2
(0.5)
(18.4%)
(7.0%)
(7.6%)
(10.7%)
6.2%
(1.9%)
(3.0%)
3.2%
(11.0%)
7.3%
16.6%
NM
(18.5%)
(30.7%)
(11.3%)
(44.9%)
94.4
15,183.0
13,243.4
9,997.9
1,666.6
1,579.0
1,939.6
987.5
952.1
317.3
60.7
(99.0)
794.5
253.0
541.5
(1.3)
21.7
53.9
(59.7%)
41.2
(47.3%)
169.7
PAT
51.7
217.7
(76.2%)
41.4
24.9%
370.5
Other Expenditure includes manufacturing costs, administrative costs, selling costs and other expenses
Exceptional item includes gain from sale of a long term investment
Q1 FY17
12.2%
1.5%
87.8%
64.4%
12.4%
11.1%
Q4 FY16 Q1 FY16
14.9%
11.7%
5.4%
1.1%
85.1%
88.3%
63.9%
67.0%
11.1%
10.8%
10.1%
10.5%
FY16
12.8%
2.4%
87.2%
65.8%
11.0%
10.4%
Amount in Rs mn
Q1 FY17
Q1 FY16
YoY (%)
FY16
2,625.6
2,888.0
(9.1%)
2,579.7
1.8%
10,689.8
16.6
30.3
(45.4%)
21.4
(22.7%)
84.1
Total Income
2,642.2
2,918.4
(9.5%)
2,601
1.6%
10,773.9
Total Expenditure
2,350.3
2,552.8
(7.9%)
2,341.9
0.4%
9,610.0
1,732.1
1,906.5
(9.1%)
1,734.4
(0.1%)
7,138.2
Staff Cost
333.6
347.9
(4.1%)
316.9
5.3%
1,303.3
Other Expenditure
284.6
298.5
(4.6%)
290.6
(2.1%)
1,168.4
EBITDA
291.9
365.5
(20.1%)
259.2
12.6%
1,163.9
185.2
186.9
(0.9%)
180.0
2.9%
719.0
EBIT
106.7
178.6
(40.3%)
79.2
34.7%
444.9
72.1
76.3
(5.6%)
64.4
11.8%
282.3
7.3
5.8
24.9%
8.9
(18.5%)
60.8
(99.0)
(99.0)
PBT
41.9
207.1
(79.8%)
23.7
76.7%
322.4
10.9
43.3
(74.8%)
6.2
75.4%
72.5
PAT
31.0
163.8
(81.1%)
17.5
77.1%
250.0
Finance Charges
Other Income
Exceptional Item
Other Expenditure includes manufacturing costs, administrative costs, selling costs and other expenses
Exceptional item includes gain from sale of a long term investment
Key Ratios as a % of Total Revenue
EBITDA
PAT
Total Expenditure
Raw material
Staff Cost
Other Expenditure
Q1 FY17
11.0%
1.2%
89.0%
65.6%
12.6%
10.8%
Q4 FY16 Q1 FY16
12.5%
10.0%
5.6%
0.7%
87.5%
90.0%
65.3%
66.7%
11.9%
12.2%
10.2%
11.2%
FY16
10.8%
2.3%
89.2%
66.3%
12.1%
10.8%
10
About Us
11
Strategic locations
High on quality
Winner of TPM Excellence Award
Marquee clientele
MARUTI, Mahindra & Mahindra, Toyota,
Tata, Nissan, Honda
Resilient performance
Turnover of Rs 15.2bn and PAT at
Rs 0.4bn (FY16)
12
13
Global
14
Corporate Structure
49%
51%
15
Shareholding pattern
Public &
Others, 39.6%
Promoters,
52.3%
Institutions,
1.5%
Corporate
Bodies, 6.6%
16
Contact Us
17
18