Atul Auto Q4 net rises 72%

Net sales during the quarter increased from Rs 82.66 cr to Rs 96.91 cr, up 17%

Rajkot-based three-wheeler maker Atul Auto Ltd, has posted a 72 per cent rise in net profit for the quarter ended March 31, 2013 to Rs 10.34 crore on the back of higher sales. The net sales during the quarter increased from Rs 82.66 crore to Rs 96.91 crore, up 17 per cent.

For the full year 2012-13, net profit clocked a 53 per cent growth at Rs 35.64 crore, while the net sales grew by 21 per cent to Rs 362.86 crore from Rs 297.97 crore during 2011-12. During the year, the company has sold 32,040 vehicles, up from 27,000 vehicles during the last financial year. The company has applied to the the Board of Investments in Sri Lanka for setting up a completely knocked down unit (CKD) in the country. It is also developing a 0.35 tonne three-wheeler especially targeted at the exports market.