Chennai, India – January 28, 2025: India Motor Parts & Accessories Limited (NSE: IMPAL, BSE: Not Listed) has reported its unaudited financial results for the third quarter (Q3) and nine months ended December 31, 2024. The company posted solid revenue growth while announcing an interim dividend of ₹10 per share (100%), reinforcing its commitment to shareholder value.
Key Financial Highlights – Q3 FY2024-25 (Standalone)
- Revenue from Operations: ₹211.67 crore (YoY growth of 13.6% from ₹186.38 crore)
- Total Income: ₹217.11 crore (YoY growth of 12.5%)
- Profit Before Tax (PBT): ₹21.57 crore (YoY growth of 8.6%)
- Profit After Tax (PAT): ₹16.30 crore (YoY growth of 7.3%)
- Earnings Per Share (EPS): ₹13.06 per share.
Nine-Month Performance (April – December 2024)
- Total Revenue: ₹599.96 crore (up 6.6% YoY)
- Profit Before Tax (PBT): ₹75.58 crore (up 13.8% YoY)
- Profit After Tax (PAT): ₹59.74 crore (up 10.4% YoY)
- Earnings Per Share (EPS): ₹47.87 per share.
Dividend Announcement & Record Date
- Interim Dividend: ₹10 per equity share (100%)
- Record Date: February 6, 2025
- Dividend Payment Date: On or before February 14, 2025.
Key Developments & Strategic Updates
- Scheme of Amalgamation with CAPL Motor Parts Private Limited Approved:
- The National Company Law Tribunal (NCLT), Chennai, approved the merger of CAPL with IMPAL, effective April 1, 2023.
- The amalgamation has been accounted for under the Pooling of Interest method, restating previous financials.
- Restructured Financial Statements Post-Merger:
- During the last period, financials were restated to reflect the impact of the merger.
- Standalone financial statements now include CAPL's financials.
- Stable Business Operations:
- The company continues to focus on its core business, automotive spare distribution.
- No significant debt obligations or defaults, indicating a strong financial position.
Management Commentary
N. Krishnan, Managing Director, IMPAL, stated:"We have maintained consistent growth while ensuring strong financial discipline. The successful merger of CAPL enhances our operational efficiencies and creates long-term value for our stakeholders. Our robust cash flow position enables us to continue rewarding shareholders with a healthy dividend payout."
Market Outlook & Investor Takeaways
- Continued demand for automotive spares and accessories is expected to drive revenue growth.
- Post-merger synergies with CAPL should strengthen IMPAL's market presence and financial efficiency.
- Consistent dividend payouts and strong earnings per share (EPS) growth indicate steady long-term value creation.
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