Automotive Axles’ profitability margin eases in Q2FY17
DSIJ Intelligence / 18 Nov 2016
Automotive Axles has declared its Q2FY17 results on Friday. The company’s revenue has declined by 17.72 per cent to Rs 225 crore in Q2FY17 as compared to same period in previous financial year.
Automotive Axles has declared its Q2FY17 results on Friday. The company’s revenue has declined by 17.72 per cent to Rs 225 crore in Q2FY17 as compared to same period in previous financial year. Its EBITDA too has risen by 9.99 per cent to Rs 24.32 crore in Q2FY17 on a yearly basis. Automotive Axles' EBITDA margin has expanded by 268 basis points to 10.81 per cent in Q2FY17 as compared to same period in previous financial year. The company’s net profit also has increased by 23.87 per cent to Rs 9.72 crore in Q2FY17 on a yearly basis. Its net profit margin has expanded by 146 basis points to 4.34 per cent in Q2FY17 as compared to same period in previous fiscal.
On the half yearly front, Automotive Axles’ top line has increased by 1.98 per cent to Rs 517 crore in H1FY17 on a yearly basis. The company’s EBITDA too has risen by 21.46 per cent to Rs 31.48 crore in H1FY17 on a yearly basis. Its net profit also has increased by 32.7 per cent to Rs 20.78 crore in H1FY17 as compared to same period in previous fiscal.
The share price of Automotive Axles has increased by 0.77 per cent on bourses in early trades; and closed at Rs 665 on an intraday basis.
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