Automotive Axles Ltd Q1 FY2024 net profit at Rs. 37.82 crores

Automotive Axles Limited has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 534.159 crores during the period ended June 30, 2023 as compared to Rs. 694.298 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 37.825 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 50.814 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 25.03 for the period ended June 30, 2023 as compared to Rs. 33.62 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 534.159 crs	₹694.298 crs	-23.06%
Net Profit	₹37.825 crs	₹50.814 crs	-25.56%
EPS	₹25.03	₹33.62	-25.55%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 534.159 crores during the period ended June 30, 2023 as compared to Rs.501.286 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.37.825 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.30.401 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.25.03 for the period ended June 30, 2023 as compared to Rs.20.12 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 534.159 crs	₹501.286 crs	6.56%
Net Profit	₹37.825 crs	₹30.401 crs	24.42%
EPS	₹25.03	₹20.12	24.40%

Shares of Automotive Axles Limited was last trading in BSE at Rs. 2187.05 as compared to the previous close of Rs. 2192.85. The total number of shares traded during the day was 1620 in over 450 trades.

The stock hit an intraday high of Rs. 2220.95 and intraday low of 2175.15. The net turnover during the day was Rs. 3556252.00.

Source : Equity Bulls

Keywords

AutomotiveAxles Q1FY24 ResultUpdate