The turnaround planned in the US subsidiary had a setback due to poor offtake in the new business developed and even existing business
Implementation of airbags in other vehicle segments over the medium term will offer further revenue upside for airbag manufacturers, as per rating agency ICRA
In Q3FY21, the company reported a net profit of Rs 5.50 crore against a net loss of Rs 7.2 crore in year-ago quarter
The stock locked upper circuit of 20% at Rs 863, also its all-time high on BSE, after the company reported four-fold jump in net profit at Rs 142 million in December 2017 quarter.