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 Q2FY24 of ₹584.00 Crores up from ₹475.00 Crore year on year, a rise of 22.95%.
Total Expenses for Q2FY24 of ₹528.00 Crores up from ₹435.00 Crores year on year, a rise of 21.38%.
Consolidated Net Profit of ₹45.00 Crores up 50.0% from ₹30.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹29.84, up 49.65% from ₹19.94 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.