Talbros Automotive Components Limited - Q2 FY21 Business Update

Talbros Automotive Components Limited has provided update on the following key business parameters of the Company for the quarter ended September 30, 2020:

The company on standalone basis has achieved double digit Revenue growth over previous year same quarter, and has more than doubled its Revenue as compared to Q1FY21.

All the Joint Venture businesses are at similar levels of Revenue in Q2FY21 as reported in Q2FY20. In September 2020, the Revenue growth of Joint Venture Businesses has seen a high single digit growth as compared to September 2019.

The forging business has continued to perform well. It has attained a growth of over 30% in Q2FY21 compared to Q2FY20, which is the highest growth amongst all the product segments.

Standalone Gasket business has grown by higher single digit as compared to Q2FY20 benefitting from the recent uptick in Domestic Automobile market.

The Company has achieved major breakthrough by achieving maiden business for BSVI complaint Heat Shield product from two of the largest OEMs in Indian PV market.

The above information is subject to a limited review by the Management Team. The Company will continue to provide the above update at the end of every quarter for the current financial year.

Shares of TALBROS AUTOMOTIVE COMPONENTS LTD. was last trading in BSE at Rs.106.45 as compared to the previous close of Rs. 107. The total number of shares traded during the day was 1814 in over 70 trades.

The stock hit an intraday high of Rs. 112 and intraday low of 104.75. The net turnover during the day was Rs. 195877.

Source : Equity Bulls

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