Autoline Industries jumped 8.40% to Rs 142.65 after the company announced that it has entered into an supply contract with Tata Motors Passenger Vehicle Limited.
The contract involves manufacturing tools & supply of sheet metal parts & assemblies. The company will receive Rs 147 crore annually for supplying parts and a one-time renumeration of Rs 57 crore for tooling.
Autoline Industries is engaged in manufacturing auto components (sheet metal) and is a supplier to original equipment manufacturers (OEMs) and automobile companies.
The company had reported a consolidated net profit of Rs 7.22 crore in Q4 FY24 as against a net loss of Rs 5.61 crore in Q4 FY23. Sales rose 27.35% YoY to Rs 189.42 crore during the period under review.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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