Amtek Auto Q3 net loss at Rs 157.76-cr

Auto component maker Amtek Auto today reported a net loss of Rs 157.76 crore for the third quarter ended June 30.

The company had posted a net profit of Rs 86.08 crore in the same period of the previous fiscal, Amtek Auto said in a BSE filing.

Net sales during the period under review stood at Rs 854.22 crore as against Rs 978.8 crore in the year-ago quarter, the company said.

The company's finance cost increased to Rs 236.54 crore in the quarter as compared to Rs 114.73 crore in the same period previous fiscal.

Amtek Auto follows October-September financial year.