Automotive Axles is a joint venture between the Kalyani Group and Meritor Inc. of the USA, with each holding a 35.5% ownership stake. The company specializes in manufacturing and supplying automotive parts to leading domestic and global manufacturers in the Trucks & Buses segment, including light commercial vehicles (LCV), medium commercial vehicles (MCV), heavy commercial vehicles (HCV), military vehicles, and off-highway vehicles.
- Automotive Axles Limited reported Total Income for Q4 FY23 of ₹694 Crore up from ₹553 Crore year on year, a growth of 25%.
- Total Expenses for Q4 FY23 of ₹626 Crore up from ₹501 Crore year on year, a growth of 25%.
- Consolidated Net Profit of ₹51 Crore, up 31% from ₹39 Crore in the same quarter of the previous year.
- The Earnings per Share is ₹33.62, up 31% from ₹25.70 in the same quarter of the previous year.