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 Q3FY24 of ₹8,129.00 Crores up from ₹7,907.00 Crore year on year, a rise of 2.81%.
Total Expenses for Q3FY24 of ₹6,885.00 Crores down from ₹7,265.00 Crores year on year, a fall of 5.23%.
Consolidated Net Profit of ₹1,090.00 Crores up 123.36% from ₹488.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹4.15, Sales 89.50% from ₹2.19 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.