ASAL mainly manufactures sheet-metal stampings, welded assemblies, and modules for passenger cars and commercial vehicles (largely for Tata Motors Limited); these products account for more than 95% of the total revenue. It has four manufacturing facilities: two in Pune, one each in Halol (Gujarat) and Pantnagar (Uttarakhand). The Co. is being promoted by TATA Autocomp Systems Ltd (TACO).
Financial Results:
Automotive Stampings & Assemblies Ltd reported Revenues for Q1FY24 of ₹219.16 Crores up from ₹209.08 Crore year on year, a rise of 4.82%.
Total Expenses for Q1FY24 of ₹215.49 Crores up from ₹208.98 Crores year on year, a rise of 3.12%.
Consolidated Net Profit of ₹3.83 Crores up 417.57% from ₹0.74 Crores in the same quarter of the previous year.
The Earnings per Share is ₹2.41, up 412.77% from ₹0.47 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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