Rico Auto Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022
May 30, 2022 at 08:27 pm
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Rico Auto Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 5,133.9 million compared to INR 4,831.7 million a year ago. Revenue was INR 5,184.4 million compared to INR 4,906.2 million a year ago. Net income was INR 87.4 million compared to INR 105 million a year ago. Basic earnings per share from continuing operations was INR 0.65 compared to INR 0.78 a year ago.
For the full year, sales was INR 18,597.7 million compared to INR 14,699.4 million a year ago. Revenue was INR 18,788.6 million compared to INR 14,884.4 million a year ago. Net income was INR 236.7 million compared to net loss of INR 141.8 million a year ago. Basic earnings per share from continuing operations was INR 1.75 compared to basic loss per share from continuing operations of INR 1.05 a year ago.
Rico Auto Industries Limited is an India-based engineering company. The Company is supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive original equipment manufacturers (OEMs) across the globe. The Companyâs integrated services include design, development, tooling, casting, machining and assembly of ferrous and aluminum products. The Companyâs products include oil pump assembly, lube oil filter heads, exhaust manifolds, turbine housings, center housings, backplates, oil pan, intake manifold covers, front cover, valve cover, side cover, balance shafts assembly, gear housing, steering knuckles, gear shifts forks, brake panel assembly, automatic transmission bracket assembly, main bearing caps, clutch assembly, turbine housings, cylinder head covers, flywheels, engine brackets and differential case housings. Its subsidiaries include Rico Auto Industries Inc., USA, and Rico Auto Industries (UK) Limited, U.K.
RICO AUTO INDUSTRIES LIMITED 
