Earnings | Automobile Corporation of Goa Ltd. (BSE: 505036): Q4FY23 Results Out; Total Income rises 20% YoY.

Automobile Corporation of Goa Ltd. holds the distinction of being the first significant engineering unit established in Goa. Jointly promoted in 1980 by Tata Motors Ltd. and EDC Ltd., ACGL specializes in manufacturing sheet metal components, assemblies, and bus coaches at its factories. The company serves as a supplier of pressings and assemblies to Tata Motors’ Pune factory, playing a crucial role in the automotive industry’s supply chain. ACGL is primarily engaged in the manufacture and sale of sheet metal fabricated parts with automobile applications, catering specifically to Tata Cummins Private Limited. The company contributes to the automotive sector by providing high-quality components and assemblies.
• Automobile Corporation of Goa Ltd. reported Total Income for Q4 FY23 of ₹139 Crore up from ₹116 Crore year on year, a growth of 20%.
• Total Expenses for Q4 FY23 of ₹129 Crore up from ₹105 Crore year on year, a growth of 23%.
• Consolidated Net Profit of ₹ 7.7 Crore, up 57% from ₹4.9 Crore in the same quarter of the previous year.
• The Earnings per Share is ₹12.69, up 55% from ₹8.16 in the same quarter of the previous year.