Amtek Auto shares down over 4% on Sept qtr net loss

Shares of Amtek Auto fell over 4 per cent at close of trade today as the auto component maker suffered a consolidated net loss of Rs 987 crore for the year ended September.
The company had posted a net profit of Rs 848.21 crore last year. Amtek Auto follows October-September financial year.
The stock dipped 4.22 per cent to settle at Rs 40.90 on BSE. During the day, it plunged 5.62 per cent to Rs 40.30.
At NSE, shares of the company lost 4 per cent to end at Rs 41.
In terms of volume, 11.60 lakh shares of the company changed hands at BSE and over 52 lakh shares were traded at NSE during the day.

For the year ended September, the company's total income stood at Rs 15,213.4 crore from Rs 15,706.6 crore a year ago, Amtek Auto had said in a BSE filing on Saturday.

For the quarter ended September, the firm reported a standalone net loss of Rs 158.62 crore. It had reported a net profit of Rs 74.37 crore in the same period of the previous fiscal.
Total income has narrowed to Rs 833.8 crore for the quarter under review as compared to Rs 1,042.1 crore in the year-ago period.
The Delhi-based company had defaulted on repayment of bonds worth Rs 800 crore in September, thus signalling a crisis.