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Automobile Corporation of Goa reports 66% fall in Q4 net profit

30 Apr 2018 Evaluate

Auto Mobile Corporation of Goa has reported results for fourth quarter and year ended March 31, 2018.

The company has reported a decline of 66.45% in its net profit at Rs 1.56 crore for the quarter ended March 31, 2018 as compared to Rs 4.65 crore for the same quarter in the previous year. Total income of the company decreased by 23.32% at Rs 114.37 crore for quarter under review as compared to Rs 149.15 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the company has posted a decline of 3.91% in its net profit at Rs 20.16 crore as compared to Rs 20.98 crore for the same period in the previous year. Total income of company decreased marginally by 0.06% at Rs 508.07 crore for year under review as compared to Rs 508.39 crore for the period ended March 31, 2017.

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