Talbros Automotive advances on securing order

Talbros Automotive Components was up 3.15% to Rs 275.15 at 15:05 IST on BSE after the company received an order from Dana Spicer India for supply of parts.

The announcement was made during market hours today, 12 March 2018.

Meanwhile, the S&P BSE Sensex was up 560.38 points or 1.68% at 33,867.52. The S&P BSE Small-Cap index rose 0.46%, underperforming the Sensex.

On the BSE, 4,079 shares were traded on the counter so far as against average daily volumes of 19,963 shares in the past one quarter. The stock had hit a high of Rs 275.15 and a low of Rs 269.40 so far during the day. The stock had hit a record high of Rs 353.65 on 9 January 2018 a 52-week low of Rs 123.50 on 3 March 2017.

The small-cap company has equity capital of Rs 12.35 crore. Face value per share is Rs 10.

Talbros Automotive Components won an order from Dana Spicer India under its forging division for supply of parts with estimated revenue of about Rs 35 crore per annum with order span for the life of the model. The production will commence from Q1 June 2018.

On a consolidated basis, Talbros Automotive Components' net profit surged 43.9% to Rs 5.67 crore on 29.9% growth in net sales to Rs 101.99 crore in Q3 December 2017 over Q3 December 2016.

Talbros Automotive Components is an auto component manufacturer. The company is engaged in the manufacturing of gaskets and forgings.

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