Talbros Automotive Components Limited along with JV wins multi-year orders worth ~Rs. 304 crs

Talbros Automotive Components Limited along with its JV partners has won multi year orders worth ~Rs. 304 crs. These orders are spread across its domestic and international customers. The orders will be implemented over a period of 5 years starting from current fiscal year itself and major chunk of it distributed between 2023-2025.

The order covers company's flagship products gaskets and forgings as well products from JVs Talbros Marugo Rubber Pvt Ltd and Magneti Marelli Talbros Chassis Systems Pvt Ltd.

The company would be required to undertake a capex of approximately Rs. 20 crs which along with existing facilities would be sufficient to execute these orders.

Commenting on the order win Mr. Navin Juneja, Director and Group CFO, Talbros Automotive Components Limited said: "We continue building strong order book given our hedged product portfolio. These orders give us immense visibility for revenue and profitability in the coming financial years.

Our technology spending and efficient utilization of our facilities is leading us to develop our business and we continue to expand domestically and internationally at this pace in the coming future."

Shares of TALBROS AUTOMOTIVE COMPONENTS LTD. was last trading in BSE at Rs.235.3 as compared to the previous close of Rs. 222.55. The total number of shares traded during the day was 18442 in over 806 trades.

The stock hit an intraday high of Rs. 246.75 and intraday low of 223.45. The net turnover during the day was Rs. 4366106.

Source : Equity Bulls

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