Automotive Axles was established in 1981 as a JV of Kalyani Group (35.5% ownership) and Meritor Inc, USA (35.5% ownership). The Company is engaged in the business of manufacturing and supplying Automotive Parts to the major domestic and global manufacturers of Trucks & Buses (LCV, MCV, HCV, Military & Off-highway Vehicle Segment).
Financial Results:
Automotive Axles Ltd reported Revenues for Q1FY24 of ₹532.00 Crores up from ₹500.00 Crore year on year, a rise of 6.4%.
Total Expenses for Q1FY24 of ₹483.00 Crores up from ₹460.00 Crores year on year, a rise of 5.0%.
Consolidated Net Profit of ₹38.00 Crores up 26.67% from ₹30.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹25.03, up 24.40% from ₹20.12 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.
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