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Munjal Auto Industries Ltd Q1FY24; 78% fall in Profits

Munjal Auto Industries Limited is a Vadodara-based leading auto component manufacturing company in India producing different types of auto components. It is a part of the Hero Group of companies, sporting flagship companies like Hero Motocorp Ltd with the Satyanand Munjal family holding almost 75% of its total share capital.

Financial Results:

Munjal Auto Industries Ltd reported Revenues for Q1FY24 of ₹509.00 Crores up from ₹481.00 Crore year on year, a rise of 5.82%.

Total Expenses for Q1FY24 of ₹505.00 Crores up from ₹473.00 Crores year on year, a rise of 6.77%.

Consolidated Net Profit of ₹10.00 Crores down 77.78% from ₹45.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.99, down 78.24% from ₹4.55 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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