Automotive Axles Ltd posts Rs. 10.14 crore net profit in Q2 FY2021-22

The Board of Directors of Automotive Axles Limited, at its meeting held today have approved the unaudited Standalone financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 309.982 crore, against ₹171.188 crore in the corresponding quarter of the previous year (YoY) and ₹256.100 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹10.141 crore, against ₹6.021 crore in the corresponding quarter of the previous year (YoY) and ₹5.572 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹6.71, against ₹3.98 in the corresponding quarter of the previous year (YoY) and ₹3.69 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 309.982 crs	₹256.100 crs	21.04%	₹171.188 crs	81.08%
Net Profit	₹10.141 crs	₹5.572 crs	82.00%	₹6.021 crs	68.43 %
EPS	₹6.71	₹3.69	81.84%	₹3.98	68.59%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹566.082 crore, against ₹212.280 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹15.713 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹-17.016 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹10.40 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹-11.26 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹566.082 crs	₹212.280 crs	166.67%
Net Profit	₹15.713 crs	₹-17.016 crs	192.34%
EPS	₹10.40	₹-11.26	192.36%

Shares of Automotive Axles Limited was last trading in BSE at Rs. 1401.50 as compared to the previous close of Rs. 1398.20. The total number of shares traded during the day was 1616 in over 264 trades.

The stock hit an intraday high of Rs. 1430.00 and intraday low of 1381.60. The net turnover during the day was Rs. 2264852.00.

Source : Equity Bulls

Keywords

AutomotiveAxles Q2FY22 H1FY22 ResultUpdate