Mysore based Automotive Axles Limited has posted a phenomenal increase in net profit for the period Q4 (ending Mar 2011) of the current fiscal (FY11). During the said quarter, net profit surges 46.26% to Rs 18.40 crore in comparison to the Rs 12.58 crore of Q4 (ending Mar 2010) of previous year(FY10). Automotive Axles Limited is a joint venture of Kalyani Group and Arvin Meritor Inc., USA manufactures axcells for Ashok Leyland, Telco, Vehicle Factory, Jabalpur,Mahindra & Mahindra, Volvo and Bharat Earth Movers.
The company informed the share market(BSE) that the net sales increased 63.33% to Rs 278.13 crore in quarter ended Apr 2011 when compared with the last years same quarter ended Apr 2010 which was Rs 170.29 crore.
Share’s Data :-
BSE Code : 505010
Mkt. Cap: Rs 686.97 Crores
Automotive Axles Ltd. share’s CMP is Rs 454.95 on 15th Apr 2011.
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