Amtek Auto has reported results for third quarter ended December 31, 2015.
The company has reported a net loss of Rs 132.15 crore for the quarter ended December 31, 2015 as compared to net profit of Rs 70.81 crore for the same quarter in the previous year. The company’s total income has decreased by 23.08% to Rs 860.65 crore for the quarter under review from Rs 1118.94 crore for the corresponding quarter of the previous year.
Amtek Auto manufactures components such as connecting rod assemblies, flywheel ring gears and assembly, steering knuckles, suspension and steering srms, CV joints, crankshaft assemblies and torque links. It is backed by in-house design and development facilities engaged in developing new product and processes.
