Amtek Auto posts Rs 528.69 cr loss in Mar quarter

Auto component maker Amtek Auto today reported a net loss of Rs 528.69 crore for the quarter ended March 31, 2016, hit by decline in sales.
The company had posted a net profit of Rs 129.82 crore in the same quarter in the previous fiscal, Amtek Auto said in a BSE filing.
Income from operations stood at Rs 608.75 crore as compared with Rs 908.09 crore in the corresponding period previous fiscal, down 32.96 per cent.
Shares of the company ended the day at Rs 34.65 apiece, up 1.17 per cent from the previous close on BSE.