Munjal Auto Industries Limited has informed the Exchange regarding 'un audited Financial Results'.
MUNJALAU · price
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Munjal Auto Industries reported a weak quarter on a standalone basis, with revenue from operations falling about 35% year-on-year to Rs. 20,676 lakhs and standalone profit after tax dropping roughly 42% to Rs. 837 lakhs (EPS Rs. 0.84 vs Rs. 1.43 last year). On a consolidated basis, revenue dipped about 4% to Rs. 49,102 lakhs, but consolidated profit after tax jumped to Rs. 1,931 lakhs from Rs. 1,047 lakhs, driven mainly by a one-time exceptional item of Rs. 1,084 lakhs representing an insurance claim received by subsidiary Indutch Composites for cyclone Michaung losses. The statutory auditor (KC Mehta & Co LLP) issued an unqualified limited review report. Separately, CFO Mr. Brham Prakash Yadav will step down effective October 15, 2025, and Mr. Nitin Bachchavat (Chartered Accountant with 21+ years of experience across DuPont, Hindalco, Kalpataru Power and others) will take over as CFO on the same date.
Core standalone auto components business clearly slowed this quarter, which is a negative signal for investors. The consolidated profit growth looks strong on the surface but is largely propped up by a one-off insurance receipt, so underlying earnings momentum remains weak. The orderly CFO transition to a well-credentialed finance leader is a neutral-to-slightly-positive governance signal.