27 May 2019 | 12:17 AM


Automotive Stampings posts Q4 net loss of Rs 3.83 cr
Published on 04-24-2019
The company reported standalone net loss during the quarter stood at Rs 3.83 crore as compared to net loss of Rs 9.11 crore in the previous year quarter.

Net revenue of the company rose substantially by 24.18 per cent at Rs 138.98 crore in January-March quarter of this fiscal as against Rs 111.92 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 19.51 per cent to Rs 137.78 crore from Rs 115.29 crore in year ago period.

Other Income grew by 18500.00 per cent at Rs 1.86 crore versus (Mar`18 Rs 0.01 crore).

Operating Profit surged by 135.50 per cent to Rs 1.20 crore as against Rs -3.38 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 128.81 per cent in March quarter.

Interest grew by 35.56 per cent y-o-y to Rs 4.46 crore