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IN - Automotive Axles profit jumps by 46pct

Automotive Axles disclosed a substantial rise in standalone net profit for the quarter ended March 2011. During the quarter, the profit of the company rose 46.26% to INR 184.00 million from INR 125.80 million in the same quarter last year.

The company’s net sales for the quarter for the quarter jumped 63.33% to INR 2,781.36 million, while total income for the quarter jumped 62.91% to INR 2,782.33 million, when compared with the prior year period.

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