This Ace Investor Vijay Kedia stock which deals in the business of manufacturing and selling of Auto Rickshaws in the domestic and overseas market, surged upto 9 percent after Q3FY25 results reporting a net profit growth of 59 percent year on year.
Share Price Movement
In Monday’s trading session, Atul Auto’s share price was up by 9.05 percent to the day’s high of Rs. 581.05. The stock reiterated from the day’s high and was trading at Rs. 541.50 which is 1.63 percent higher from the previous close of Rs. 532.80 per share. In the past year, the stock has had a negative return of around 1 percent and has underperformed the Nifty Index.
Q3FY25 financial performance
Atul Auto’s stock surged after reporting financial results for the quarter ending December 2024, The consolidated revenue from operations has increased by 19.44 percent year on year from Rs. 154.33 crore in Q3FY24 to Rs. 194.99 crore in Q3FY25 and increased by 7.34 percent quarter on quarter from Rs. 181.65 crore in Q2FY25.
The company’s consolidated net profits have increased by around 59 percent year on year from Rs. 4.47 crores in Q3FY24 to Rs. 7.12 crores in Q3FY25. As compared to Q2FY25, the company’s net profits have improved by 55.79 percent quarter on quarter from Rs. 4.57 crore.
Vehicles Sold
Atul Auto has sold three-wheeler vehicles of 9,233 units in Q3FY25, which is an increase of 19.44 percent from Q3FY24. Quarterly wise, the sales volume grew by 3.32 percent.
Segment Revenue
The company recognises its revenue from operations from the Automobiles Business which contributes around 93.79 percent and the remaining 6.20 percent from Non-Banking Financial Business as of December 2024 quarter.
Market Share
The company has a market share of around 4 percent in the domestic market share in the three-wheeler industry and makes up to a 3 percent share in domestic sales and exports as per CRISIL Ratings.
Ace Investor Stake
As of December 2024, the Ace Investor Vijay Kedia holds a stake of around 18.20 percent and a 2.71 percent stake through Kedia Securities Private Limited in the company.
Company Profile
Atul Auto Limited, established in 1986, is a prominent Indian manufacturer of three-wheelers, offering a diverse range of passenger and cargo vehicles, including e-rickshaws, known for reliability and efficiency.
Written by Santhosh S
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