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Automotive Axles standalone net profit rises 58.88% in the March 2017 quarter

Capital Market 

Sales rise 12.60% to Rs 351.09 crore

Net profit of rose 58.88% to Rs 17.27 crore in the quarter ended March 2017 as against Rs 10.87 crore during the previous quarter ended March 2016. Sales rose 12.60% to Rs 351.09 crore in the quarter ended March 2017 as against Rs 311.79 crore during the previous quarter ended March 2016.

For the full year,net profit rose 39.72% to Rs 48.58 crore in the year ended March 2017 as against Rs 34.77 crore during the previous year ended March 2016. Sales rose 5.60% to Rs 1146.83 crore in the year ended March 2017 as against Rs 1085.97 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales351.09311.79 13 1146.831085.97 6 OPM %10.329.15 -9.798.82 - PBDT36.3827.83 31 113.3291.99 23 PBT25.9915.85 64 73.8651.52 43 NP17.2710.87 59 48.5834.77 40

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 19 2017. 16:59 IST
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