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Talbros Automotive soars 19% on strong Q2 results

The stock soared 19% to Rs 245, also its record high on the BSE.

Talbros' gaskets heat shields
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Talbros' gaskets heat shields

SI Reporter Mumbai
Talbros Automotive Components soared 19% to Rs 245, also its record high on the BSE, after the company nearly doubled its consolidated net profit at Rs 7.94 crore in September quarter (Q2FY18). The auto parts & equipment Company had reported profit of Rs 4.12 crore in the same quarter a year ago.

Total income from operations during the quarter grew 22.6% to Rs 133 crore against Rs 108 crore in the corresponding quarter of previous fiscal year. EBITDA (earnings before interest, taxes, depreciation and amortization) margin improved sequentially to 12.05% in Q2FY18 from 11.32% in Q1FY18.

The company

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First Published: Nov 22 2017 | 2:55 PM IST

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