Automotive Axles surges on reporting 59% jump in Q4 net profit

22 May 2017 Evaluate

Automotive Axles is currently trading at Rs. 743.00, up by 9.45 points or 1.29% from its previous closing of Rs. 733.55 on the BSE.

The scrip opened at Rs. 745.35 and has touched a high and low of Rs. 750.00 and Rs. 740.00 respectively. So far 4147 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 803.00 on 19-May-2017 and a 52 week low of Rs. 582.00 on 22-Dec-2016.

Last one week high and low of the scrip stood at Rs. 803.00 and Rs. 696.25 respectively. The current market cap of the company is Rs. 1125.46 crore.

The promoters holding in the company stood at 71.04%, while institutions and non-institutions held 13.52% and 15.44% respectively.

Automotive Axles has reported a rise of 58.88% in its net profit at Rs 17.27 crore for the quarter ended March 31, 2017 as compared to Rs 10.87 crore for the same quarter in the previous year. Total income of the company increased by 12.58% at Rs 351.40 crore for quarter under review as compared to Rs 312.13 crore for the quarter ended March 31, 2016. 

For the year ended March 31, 2017, the company has posted a rise of 39.72% in its net profit at Rs 48.58 crore as compared to Rs 34.77 crore in FY16. Total income of company increased by 5.63% at Rs 1148.82 crore for year under review as compared to Rs 1087.54 crore for the year ended March 31, 2016.

Auto.Axle Share Price

1779.70 -4.55 (-0.26%)
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