Automotive Axles Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 27, 2024 at 02:10 pm
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Automotive Axles Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 5,715.21 million compared to INR 6,930.13 million a year ago. Revenue was INR 5,768.83 million compared to INR 6,942.98 million a year ago. Net income was INR 440.97 million compared to INR 508.14 million a year ago. Basic earnings per share from continuing operations was INR 29.18 compared to INR 33.62 a year ago.
For the full year, sales was INR 22,291.74 million compared to INR 23,237.01 million a year ago. Revenue was INR 22,448.83 million compared to INR 23,286.2 million a year ago. Net income was INR 1,661.55 million compared to INR 1,620.29 million a year ago. Basic earnings per share from continuing operations was INR 109.95 compared to INR 107.22 a year ago.
Automotive Axles Limited is an India-based company, which is primarily engaged in manufacturing of axles and brakes at Mysore, Rudrapur and Jamshedpur. The Company's products include drive axles, front steer axles, defense axles, off-highway axles, non-drive axles, drum brake and disc brake. It provides these products to the domestic and global manufacturers of trucks and buses pertaining to segments, such as light, medium and heavy commercial vehicles, military and off-highway vehicles, aftermarket and exports. The Company can provide a complete solution for all its customer needs in form of drive axles, brakes and suspension interfaces. Its full portfolio of axle and brake technology includes all wheel drive systems, high mobility independent suspensions, drivelines, transfer cases and suspension height control systems. Its non-drive axle products include tag axle and trailer axle. Its front steer axle products include FG945, FH941and FH946. Its disc brake product is ELSA 225.
AUTOMOTIVE AXLES LIMITED 
