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Exedy India reports net loss of Rs 5.23 crore in Q3

27 Feb 2012 Evaluate

Exedy India has reported results for third quarter ended December 31, 2011.

Exedy India has reported a net loss of Rs 5.23 crore for the quarter ended December 31, 2011, against net loss of Rs 2.41 crore for the corresponding period last fiscal. However total income increase by 9.75% to Rs 53.11 crore during the quarter under review from Rs 48.39 crore in the same quarter of 2010.

Exedy India’s wholly owned subsidiary - Exedy Clutch India (ECI) has received in-principle approval to a project proposal of the company to establish manufacturing unit for multi-plate clutch, continuance variable transmission (CVT), clutch disc and clutch cover assembly and its components for both 2 wheelers and 4 wheelers at Narasapur industrial area, Kolar district in Karnataka.

Peers
Company Name CMP
SamvardhanaMotherson 127.00
Tube Investments 2918.70
Bosch 36668.95
UNO Minda 1127.60
CIE Automotive India 477.80
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