Atul Auto dropped 4.53% to Rs 570.55 after the company's consolidated net profit declined 35.9% to Rs 4.57 crore in Q2 FY25 as against Rs 7.13 crore posted in Q2 FY24.
However, total revenue from operations grew by 18.59% year on year to Rs 181.65 crore in the quarter ended 30 September 2024.Profit before tax stood at Rs 6.54 crore in the quarter ended 30 September 2024, down 33.33% as against Rs 9.81 crore recorded in Q2 FY24.
Total expenses jumped 22.4% to Rs 175.64 crore in Q2 FY25 as compared with Rs 143.50 crore in Q2 FY24. Employee benefit expenses was at Rs 18.22 crore (up 23.53% YoY) while cost of material consumed stood at Rs 130.56 crore (up 14.89% YoY), during the period under review.
On segmental front, revenue from automobiles business was Rs 170.69 crore (up 21.98% YoY), non banking financial business was at Rs 10.96 crore (down 17.22% YoY), during the quarter.
Atul Auto is leading three-wheeler manufacturing company in Rajkot, Gujarat, India. It has a complete range of 3-wheeler products across the fuel range - diesel, petrol, CNG, LPG and electric.
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