Astra Otoparts Raih Laba Rp1,31 Triliun | IDX CHANNEL

Summary

PT Astra Autoparts Tbk achieved remarkable financial performance in Q3 2023, with net income rising by 57.71% to IDR 1.31 trillion, and revenue growing 4.36% year-on-year to IDR 14.08 trillion. The growth was driven by strong results in the automotive components manufacturing and trading segments. However, export revenue declined slightly by 4.59%. Despite global challenges, Astra is expanding its export destinations across East Asia, the Middle East, America, Europe, and Africa. The company continues to innovate, producing parts for both traditional and electric vehicles, including transmissions and cooling systems.

Takeaways

• 😀 PT Astra Autoparts Tbk recorded impressive performance until September 30, 2023, with an increase in net profit and revenue.
• 😀 The company's net profit grew by 57.71% year-on-year, reaching IDR 1.31 trillion, compared to IDR 831.69 billion in Q3 2022.
• 😀 Revenue also rose by 4.36% year-on-year, amounting to IDR 14.08 trillion, up from IDR 13.49 trillion in the same period last year.
• 😀 The automotive component manufacturing segment contributed IDR 8.68 trillion, while the trading segment contributed IDR 6.42 trillion in revenue.
• 😀 Export revenue for the company declined by 4.59% year-on-year to IDR 1.13 trillion by September 30, 2023, compared to IDR 1.19 trillion in 2022.
• 😀 Despite the export decline, the company is actively seeking to maximize export opportunities, including expanding into new markets.
• 😀 Astra Autoparts exports to various regions, including East Asia, the Middle East, America, Europe, and Africa.
• 😀 The company manufactures a wide range of automotive parts, including for electric vehicles, such as transmissions and cooling systems.
• 😀 The company plans to continue its focus on expanding export destinations amid challenging global conditions.
• 😀 Astra Autoparts’ strong performance reflects effective strategies and adaptability in both local and global markets.

Q & A

What is the financial performance of PT Astra Autoparts Tbk until September 30, 2023?

PT Astra Autoparts Tbk reported strong financial performance with a 57.71% increase in net profit, reaching IDR 1.31 trillion, compared to IDR 831.69 billion in the same period in 2022. Revenue also rose by 4.36% year-on-year, totaling IDR 14.08 trillion.

What were the main drivers behind the increase in net profit for PT Astra Autoparts Tbk?

The increase in net profit was mainly driven by a rise in revenue, particularly from the manufacturing segment, which significantly contributed to the overall performance.

What is the breakdown of PT Astra Autoparts Tbk's revenue as of September 30, 2023?

The company’s revenue breakdown includes IDR 8.68 trillion from the manufacturing segment and IDR 6.42 trillion from the trading segment. Additionally, elimination costs totaled IDR 1.02 trillion.

How did PT Astra Autoparts Tbk's export revenue perform in 2023?

Export revenue declined by 4.59% year-on-year, dropping to IDR 1.13 trillion from IDR 1.19 trillion in the same period of 2022.

What strategies is PT Astra Autoparts Tbk employing to overcome the challenges in the global market?

The company plans to maximize export opportunities by adding new target countries for exports, focusing on regions including East Asia, the Middle East, America, Europe, and Africa.

Which sectors contribute the most to PT Astra Autoparts Tbk's overall revenue?

The manufacturing sector contributes the most to the company’s revenue, generating IDR 8.68 trillion, followed by the trading sector with IDR 6.42 trillion.

What types of automotive components does PT Astra Autoparts Tbk manufacture?

PT Astra Autoparts Tbk manufactures a wide range of components for two-wheeled and four-wheeled vehicles, including parts for electric vehicles such as transmissions and cooling systems.

How has PT Astra Autoparts Tbk responded to the challenges in the global market?

The company is focusing on expanding its export destinations and aiming to penetrate new markets to navigate the challenges posed by the global economic environment.

What were the specific changes in PT Astra Autoparts Tbk’s net profit and revenue compared to the previous year?

Net profit surged by 57.71%, reaching IDR 1.31 trillion, while revenue grew by 4.36% to IDR 14.08 trillion, compared to the same period in 2022.

What regions does PT Astra Autoparts Tbk focus on for its export activities?

The company exports to multiple regions, including East Asia, the Middle East, America, Europe, and Africa, and is working to expand further into new export markets.