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Divgi Torqtransfer Systems Ltd Q2FY24; 15% fall in Profits

Incorporated in 1964, Divgi Torqtransfer system is one of the leading players supplying transfer case systems to automotive OEMs and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.

Financial Results:

Divgi Torqtransfer Systems Ltd reported Revenues for Q2FY24 of ₹69.00 Crores down from ₹70.00 Crore year on year, a fall of 1.43%.

Total Expenses for Q2FY24 of ₹59.00 Crores up from ₹55.00 Crores year on year, a rise of 7.27%.

Consolidated Net Profit of ₹11.00 Crores down 15.38% from ₹13.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.51, down 28.07% from ₹4.88 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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