The company had posted a net profit of Rs 70.81 crore in the same period last fiscal.
Net sales during the period under review stood at Rs 824.69 crore as against Rs 1,035.45 crore in the year-ago quarter, it added.
Finance cost during the quarter stood at Rs 244.8 crore as against Rs 127.96 crore in the corresponding period last fiscal.
Last year in August the company had stated that it was facing a "temporary cash flow mismatch". Later in November it appointed Morgan Stanley as advisor to assist in its debt reduction plan.
Shares of Amtek Auto ended the day at Rs 29.30 apiece, down 8.58 per cent from the previous close on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%