Automotive Axles Ltd, established in 1981 as a JV between Kalyani Group (35.5% ownership) and Meritor Inc, USA (35.5% ownership), manufactures and supplies automotive parts to major domestic and global truck & bus manufacturers across LCV, MCV, HCV, military, and off-highway vehicle segments.
Financial Highlights:
- Revenues declined 6.67% year-on-year to ₹462 crore from ₹495 crore.
- Total expenses fell 6.84% to ₹422 crore from ₹453 crore.
- Consolidated net profit remained stable at ₹36 crore YoY.
- Earnings per share steady at ₹23.79 (down marginally from ₹23.80).
Revenue pressure from softer CV demand offset by cost discipline maintained profitability and margins.
Outlook:
Automotive Axles Ltd focuses on operational efficiencies, export expansion, and leveraging strong order book to drive future growth.
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