Page 20 - IMDR Journal 2025

Research Article
manufacturing (automotive, metals and mining), Financial Performance Analysis with Graphs
technology-centric fields (IT and electronics), and The following graphs illustrate the revenue growth and
consumer-oriented sectors (food and beverages, paints and profit after tax for the ten selected companies before and
coatings).
after adopting Industry 4.0 technologies.
● Financial Data Availability Companies with openly The chart illustrates the shifts in revenue prior to and
accessible and thoroughly documented financial statements following the implementation of Industry 4.0. Many firms
that allow for in-depth analysis. noticed a significant rise in revenue after incorporating IoT
● Market Influence: Prominent organizations within their and AI technologies into their processes, especially in
industries, recognized for embracing digital transformation. manufacturing-focused sectors such as Tata Motors,
Nature of Data Hindalco, and Vedanta. This suggests that digital
transformation was instrumental in improving operational
The information comprises financial statements from the efficiency and competitive standing in the market.
chosen companies, especially their Income Statements,
gathered from Moneycontrol.com. The analysis looks at
financial trends and performance over time to evaluate the
effects before and after IoT adoption.
Data Collection Method
Secondary Data Collection The Profit and Loss (P&L)
statements of the nine companies are obtained from
Moneycontrol.com for the purpose of financial analysis.

Data Analysis Techniques

The financial analysis focuses on
Figure 2 Source : Money Control
● Trends in Cost Reduction: Analyzing operating costs and
cost of goods sold (COGS) to determine savings resulting The graph above illustrates the enhancements in
from IoT implementation. profitability after embracing Industry 4.0. A remarkable
recovery was recorded by firms such as Vedanta, Hindalco
and Tata Motors that shifted from suffering to profiting.
Proceeds for it and service based companies such as Wipro
and Bosch grew at a much slower rate due to their more
complex operational structures, however, they benefitted
from cost synergies.
Company Wise Analysis
In 2017, Tata Motors adopted Industry 4.0 and integrated
robotics and AI-enabled quality control, leading to a rise in
revenue froM ₹48,078 Cr to ₹72,745 Cr. Profit after tax
transformations from losing around ₹7,328 Cr to gaining
₹7,902 Cr showcased a large turnaround. Operational
efficiency and costs also improved across the board within
the firm.The introduction of IoT into CEAT’s manufacturing
Figure 1 Source : Money Control
processes in 2020 streamlined production efforts and
● Asset Utilization Examining the fixed asset turnover ratio enhanced product quality, resulting in a growing revenue
and inventory turnover to measure efficiency improvement. stream of ₹6,680 Cr to ₹11,731 Cr and an increase in profit
● Return on Investment (ROI) Reviewing net profit after tax from ₹224 Cr to ₹654 Cr.Vedanta integrated
margins, effectiveness of capital, and overall performance of efficiency IoT initiatives in 2020, which led to revenue
the firms before and after IoT implementation. growth of ₹35,417 Cr to ₹69,663 Cr. Further to this, the
company managed to turnaround losses of profit at 6,732 Cr
● Comparative Analysis Financial performance before and
after IoT implementation of the chosen companies will be to positive 6,623 Cr, suggesting substantial financial
compared to highlight the impacts of IoT integration. recuperation. Wipro employed AI automation technologies
in 2020 for service delivery enhancements and operational
● Sector-wise Performance Differences in financial benefits
cost measures. Revenue also increased to 50,387 Cr to
and risks across industries.
66,792 Cr along with profit increased from ₹8,680 Cr to
This study discusses the cost implications of Industry 4.0 ₹9,118 Cr. Bosch adopted Industry 4.0 in 2021 with a focus
adoption among nine of the leading Indian companies across on AI-driven defect detection. The revenue growth was
various sectors. Industry 4.0, with its definition of the use of modest from ₹11,873 Cr to ₹12,085 Cr. However, profit after
IoT, AI, automation, and data analytics, has revolutionized tax grew from ₹1,598 Cr to ₹1,741 Cr, illustrating savings
manufacturing as well as services-based industries, leading realized from lower defect rates.The introduction of smart
to increased efficiency, productivity, and profitability. assembly lines by Hero MotoCorp in 2019 led to a revenue

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