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Subros Q1 net profit up by 80pct

Auto News - Published on Mon, 13 Aug 2018

Image Source: SteelGuru
vAuto parts maker Subros Ltd reported that a 79.9 % increase in its standalone profit at INR 18.93 crore in the first quarter of FY 19. The company had posted INR 10.52 crore net profit in the same quarter previous fiscal.

Revenue from operations increased to INR 531.69 crore in April-June quarter of current fiscal compared to INR 471.49 crore during the same period a year ago.

Total expenses also rose to INR 507.48 crore in Q1 FY 19 as compared to INR 457.66 crore in the year ago period.

On outlook, the company said it looks for a double digit growth in the ongoing financial year, in line with the growth in passenger car and commercial vehicle segment.

Source :

Posted By : Joykumar Irom on Mon, 13 Aug 2018
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