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BSE   24 May 17 | 04:01 PM

720.00 -9.3 (-1.28%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 505010
Face Value: N.A.

NSE   24 May 17 | 03:57 PM

721.25 -11.1 (-1.52%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: AUTOAXLES
Performance
1 Week : Rs 700.15 (2.84%)
1 Month : Rs 715.40 (0.64%)
1 Year : Rs 633.65 (13.63%)
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Automotive Axles soars on two-fold jump in Q1 net

SI Reporter / Mumbai 18 Jan 12 | 11:14 AM

Automotive Axles has soared 10% to Rs 427 on reporting a net profit of Rs 19.73 crore for the first quarter ended December 2011, on the back of higher operational income. The auto parts and equipment maker had reported a net profit of Rs 9.76 crore in year ago quarter. Net sales grew 64% at Rs 293 crore on year-on-year basis.
 
The operating profit margins improved from 12.43% to 12.76, while net profit margins to 6.74% from 5.44% during the recently concluded quarter.
 
The stock opened at Rs 400 and hit a high of Rs 428 on the National Stock Exchange. A combined around 6,037 shares have changed hands on the counter so far on both the exchanges.

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