Akar Auto Industries reports standalone net profit of Rs 1.00 crore in the March 2021 quarter

Sales rise 58.32% to Rs 70.23 crore

Net profit of Akar Auto Industries reported to Rs 1.00 crore in the quarter ended March 2021 as against net loss of Rs 4.84 crore during the previous quarter ended March 2020. Sales rose 58.32% to Rs 70.23 crore in the quarter ended March 2021 as against Rs 44.36 crore during the previous quarter ended March 2020.

For the full year,net loss reported to Rs 2.84 crore in the year ended March 2021 as against net loss of Rs 3.06 crore during the previous year ended March 2020. Sales declined 5.42% to Rs 188.06 crore in the year ended March 2021 as against Rs 198.83 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales70.2344.36 58 188.06198.83 -5 OPM %6.51-2.50 -4.624.70 - PBDT2.47-3.58 LP 2.401.83 31 PBT1.42-4.95 LP -2.10-2.49 16 NP1.00-4.84 LP -2.84-3.06 7

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