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Fiem Industries reports 10% fall in Q1 net profit

05 Sep 2017 Evaluate

Fiem Industries has reported results for first quarter ended June 30, 2017.

The company has reported a fall of 9.93% in its net profit at Rs 10.34 crore for the quarter under review as compared to Rs 11.48 crore for the same quarter in the previous year. However, total income from operations of the company increased by 19.86% at Rs 325.53 crore for Q1FY18 as compared Rs 271.60 crore for the corresponding quarter previous year.

Fiem Industries is one of the leading manufacturers of automotive lighting & signaling equipments and rear view mirrors. The company is supplying its products to almost all major OEMs in the domestic market as well as few global OEMs.

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