Federal-Mogul Goetze (India) Ltd manufactures, supplies, and distributes automotive components like pistons, piston rings, etc to two/three/four-wheeler automobiles in Indian and International markets.
It was established in 1954 as a joint venture with Goetze-Werke of Germany. Goetze- Werke is owned by Federal-Mogul.
Presently, It operates as a subsidiary of Tenneco Inc, post-Tenneco’s acquisition of Federal-Mogul.
Financial Results:
- Federal-Mogul Goetze (India) Ltd reported Revenues for Q1FY24 of ₹411.00 Crores up from ₹402.00 Crore year on year, a rise of 2.24%.
- Total Expenses for Q1FY24 of ₹377.00 Crores down from ₹377.00 Crores.
- Consolidated Net Profit of ₹31.00 Crores up 47.62% from ₹21.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹5.38, up 50.28% from ₹3.58 in the same quarter of the previous year.