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Indian-Commodity  :  Corporate  :  Automotive Axles reports 59% jump in Q4 net profit

Automotive Axles reports 59% jump in Q4 net profit (19-May-2017)

Automotive Axles has reported results for fourth quarter and year ended March 31, 2017.    

The company has reported a rise of 58.88% in its net profit at Rs 17.27 crore for the quarter ended March 31, 2017 as compared to Rs 10.87 crore for the same quarter in the previous year. Total income of the company increased by 12.58% at Rs 351.40 crore for quarter under review as compared to Rs 312.13 crore for the quarter ended March 31, 2016. 

For the year ended March 31, 2017, the company has posted a rise of 39.72% in its net profit at Rs 48.58 crore as compared to Rs 34.77 crore in FY16. Total income of company increased by 5.63% at Rs 1148.82 crore for year under review as compared to Rs 1087.54 crore for the year ended March 31, 2016.



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