Automotive Stampings and Assemblies has reported results for third quarter ended December 31, 2012.
The company has reported a net loss of Rs 2.21 crore for the quarter ended December 31, 2012 as compared to a net profit of Rs 0.90 crore for the same quarter in the previous year. Total income of the company has decreased by 31.73% at Rs 106.97 crore for quarter under review as compared to Rs 156.69 crore for the quarter ended December 31, 2011.
Automotive Stampings and Assemblies is into the production of a wide range of sheet metal components for the automotive industry. Its product mix can be broadly classified into three categories: (i) Structural Panels and Skin Panels for the vehicle body (BIW) (ii) Modules and Aggregates including Chassis sub-assemblies (Under body) (iii) Oil Sumps and Fuel tanks. Its products mainly cater to passenger and commercial vehicles.
