ALSO READAutomotive Axles hits 52-week high after strong Q4 results Board of Automotive Stampings & Assemblies to consider Q3 and 9M results Automotive Stampings & Assemblies reports standalone net loss of Rs 1.36 crore in the March 2017 quarter Board of PPAP Automotive to consider December quarter results Mahindra CIE Automotive to announce December quarter and FY results
Sales rise 12.60% to Rs 351.09 croreNet profit of Automotive Axles 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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