Autoline Industries Limited, a prominent player in the auto components manufacturing sector, has announced its unaudited financial results for Q1 FY25, ending 30th June 2024. The company is gearing up for a significant boost in FY25, driven by new strategic initiatives and robust operational enhancements.

Strong revenue and margin outlook

Looking ahead, Autoline Industries anticipates a considerable increase in orders across automotive, non-automotive, and tooling sectors. The company’s current growth trajectory is supported by both established partnerships and new customer acquisitions. Demand from passenger and commercial vehicle segments remains strong and steady. Strategic cost optimisation measures, including the full utilisation of its de-coiling facility and advanced robotic automation, have led to notable improvements in profit margins.

Industry 4.0 press line and Sanand plant ramp-up

A key element of Autoline’s growth strategy is the Industry 4.0-enabled press line at its Sanand plant. This facility, which began production ramp-up in April 2024, features 100% robotics and is set to significantly enhance production efficiency. The new line aims to achieve a 30% improvement in efficiency for both new and existing passenger vehicle models, including electric and internal combustion engine variants, for major clients like Tata Motors.

Operational efficiency and financial performance

Autoline Industries has successfully leveraged an optimised product mix and enhanced automation to boost both EBITDA and PAT margins. The company’s disciplined operational management and strategic cost control have been pivotal in these improvements.

For Q1 FY25, Autoline reported:

• Revenue of ₹150.75 Crores, a slight increase of 1.5% year-on-year despite a decrease from ₹188.92 Crores in Q4 FY24.
• EBITDA of ₹15.61 Crores, marking a 51% increase from the previous year.
• PAT of ₹5.12 Crores, reflecting a substantial 145% growth year-on-year.

The revenue for Q1 FY25 includes ₹1.6 Crores from the tooling business, down from ₹34.5 Crores in Q4 FY24.

Fundraising and Chakan plant expansion

Autoline Industries has successfully raised ₹48.82 Crores through Convertible Debentures (CCDs) and share warrants. This capital is earmarked for expanding the Industry 4.0-enabled press line at the Chakan plant. This expansion is expected to meet the rising demand from leading Original Equipment Manufacturers (OEMs) such as Mahindra & Mahindra, Tata Motors, Fiat, and Hyundai. The new production lines are slated to go live by Q4 FY25, with the expansion project set to be completed by Q3 FY25.

Expert opinions

Shivaji Akhade, Managing Director of Autoline Industries, expressed optimism about the company’s growth trajectory. He highlighted the significant margin improvements achieved through cost optimisation and automation. Akhade emphasised that the new Industry 4.0 press line at the Sanand plant and the expansion of the Chakan facility would substantially enhance production capabilities and efficiency. He underscored the company’s readiness to leverage emerging opportunities and deliver value to shareholders.

Venugopal Rao P, CEO of Autoline Industries, noted the positive growth in Q1 FY25. He pointed out that revenues reached ₹150.75 Crores, with EBITDA increasing by 51% and PAT growing by 145% year-on-year. Rao attributed this growth to the company’s focused efforts on improving operational efficiency and cost management.

Founded in 1996, Autoline Industries Limited is a leading auto components manufacturer based in Pune. The company supplies sheet metal components, assemblies, and sub-assemblies to Original Equipment Manufacturers (OEMs) and automobile companies, both domestically and internationally. Autoline serves major OEMs with over 1500 products for passenger cars, commercial vehicles, and non-automotive segments.

  Autoline Industries Limited, Chakan plant, FIAT, Hyundai, Mahindra & Mahindra, Sanand plant, Shivaji Akhade, Tata Motors, Venugopal Rao P