Amtek Auto has reported results for second quarter ended September 30, 2016.
The company has reported a net loss of Rs 755.18 crore for the quarter ended September 30, 2016 as compared to a net loss of Rs 158.62 crore for the same quarter in the previous year. The company’s total income decreased by 40.17% to Rs 498.92 crore for the quarter under review from Rs 833.83 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.
