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Amtek stock slips 4 per cent after Rs 320 crore loss in Q1

Company's stock was trading at Rs 42.75 on the BSE, down over 3 per cent from the previous close

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Amtek Auto

BS Reporter  |  New Delhi 

Debt ridden component maker Amtek Auto’s stock slipped 4 per cent on Wednesday after it declared a net loss of Rs 320 crore for the quarter ended June 30. The loss has doubled compared to Rs 157 crore in the corresponding quarter last year on account of rising interest burden among other factors.

The company’s interest or finance cost for the quarter was Rs 328 crore, up 39 per cent from last year. Net sales also slipped 37 per cent to Rs 540 crore in the quarter ended June 30. At 10:30 a.m., the company’s stock was trading at Rs 42.75 on the BSE, down ...

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First Published: Wed, September 14 2016. 10:36 IST
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