Autoline Industries drops on reverse turnaround in Q2

Autoline Industries lost 1.12% to Rs 70.50 at 11:06 IST on BSE after the company reported consolidated net loss of Rs 15.40 crore in Q2 September 2013 as against net profit of Rs 3.66 crore in Q2 September 2012.

The Q2 result was announced after market hours on Wednesday, 23 October 2013.

Meanwhile, the S&P BSE Sensex was up 210.56 points or 1.01% at 20,978.44.

On BSE, 10,000 shares were traded in the counter as against average daily volume of 35,194 shares in the past one quarter.

The stock hit a high of Rs 71.45 and a low of Rs 69 so far during the day. The stock had hit a 52-week low of Rs 46.05 on 7 August 2013. The stock had hit a 52-week high of Rs 189.80 on 23 October 2012.

The stock had underperformed the market over the past one month till 23 October 2013, gaining 2.22% compared with the Sensex's 4.36% rise. The scrip had also underperformed the market in past one quarter, advancing 0.64% as against Sensex's 2.29% rise.

The small-cap auto components maker has equity capital of Rs 12.28 crore. Face value per share is Rs 10.

Autoline Industries' consolidated total income from operations declined 10.46% to Rs 180 crore in Q2 September 2013 over Q2 September 2012.

Autoline Industries is engaged in manufacturing various auto parts/sheet metal components for passenger cars, sports utility vehicles (SUV), commercial vehicles, two wheelers, three wheelers, tractors, etc.

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