Automotive Axles standalone net profit declines 13.21% in the March 2024 quarter

Sales decline 17.53% to Rs 571.52 crore

Net profit of Automotive Axles declined 13.21% to Rs 44.10 crore in the quarter ended March 2024 as against Rs 50.81 crore during the previous quarter ended March 2023. Sales declined 17.53% to Rs 571.52 crore in the quarter ended March 2024 as against Rs 693.01 crore during the previous quarter ended March 2023.

For the full year,net profit rose 2.55% to Rs 166.16 crore in the year ended March 2024 as against Rs 162.03 crore during the previous year ended March 2023. Sales declined 4.07% to Rs 2229.17 crore in the year ended March 2024 as against Rs 2323.70 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales571.52693.01 -18 2229.172323.70 -4 OPM %11.1511.22 -11.0511.08 - PBDT68.1978.40 -13 259.35259.47 0 PBT59.1468.03 -13 222.97218.10 2 NP44.1050.81 -13 166.16162.03 3

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