Q3FY17 Results : Munjal Showa

Bhagyashree Vivarekar / 03 Feb 2017

Q3FY17 Results : Munjal Showa

The company reported PAT of Rs 14.32 crore, which represents a sequential QoQ decline of 20.44 per cent and a YoY decline of 0.97 per cent.

Munjal Showa Ltd. reported its standalone results for the quarter ended December 31, 2016 today. 

The company reported sales of Rs. 328 crore for Q3FY17, which represent a 15.71 per cent sequential decline and 10.52 per cent YoY decline.

Its operating profit (EBIT) for the quarter was Rs 13.25 crore and its EBIT margin was 4.04 per cent.

The company reported PAT of Rs 14.32 crore, which represents a sequential QoQ decline of 20.44 per cent and a YoY decline of 0.97 per cent.

Munjal Showa Ltd is a joint venture between the Hero Group and Showa Corporation. The company designs and manufacturers shock absorbers, struts and window balancers/gas springs for two-wheelers and four-wheelers. The company's manufacturing plant is located in Gurgaon, Haryana. The company operates in single business segment, viz. auto components for two wheeler and four wheeler industry.