Talbros Automotive Components Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 16, 2023 at 01:53 pm
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Talbros Automotive Components Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 1,749.46 million compared to INR 1,480.46 million a year ago. Revenue was INR 1,768.69 million compared to INR 1,499.08 million a year ago. Net income was INR 168.85 million compared to INR 126.07 million a year ago. Basic earnings per share from continuing operations was INR 2.736 compared to INR 2.042 a year ago. Diluted earnings per share from continuing operations was INR 2.736 compared to INR 2.042 a year ago.
For the full year, sales was INR 6,471.83 million compared to INR 5,772.4 million a year ago. Revenue was INR 6,533.83 million compared to INR 5,849.14 million a year ago. Net income was INR 555.77 million compared to INR 448.86 million a year ago. Basic earnings per share from continuing operations was INR 9.004 compared to INR 7.272 a year ago. Diluted earnings per share from continuing operations was INR 9.004 compared to INR 7.272 a year ago.
Talbros Automotive Components Limited is an India-based company that is primarily engaged in the manufacturing of automotive components. The Company offers a range of products, including multi-layer steel gasket, exhaust manifold gasket, rubber molded gasket, cylinder head gasket, gasket with electrical controls, edge molded gasket and heat shield. It also offers other products, such as kingpins, gear blanks, housing and yoke shafts, power transmission parts for hybrid and electric drive, and vehicle structural parts. Its auto component has its presence across automobile categories in two-wheelers, passenger vehicles, commercial vehicles and farm equipment. It offers manufacturing capabilities, including three-dimensional (3D) modeling, dies and tool design, and 3D design. Its gasket manufacturing facilities are located in Faridabad, Haryana; Pune, Maharashtra, and Sitarganj, Uttarakhand. Its forging manufacturing facilities are located in Bawal, Haryana.