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Journalism of Courage
Three-wheeler maker Atul Auto said its net profit declined by 18.21 per cent to Rs 12.53 crore for the fourth quarter ended March 31,2011,over the same period previous fiscal.
The company had a net profit of Rs 15.32 crore in the same period previous fiscal.
The company’s net sales for the period stood at Rs 406.59 crore for the fourth quarter,as compared to Rs 337.70 crore in the same period previous fiscal,Atul Auto said in a filing to Bombay Stock Exchange (BSE).
The company’s net profit for the year stood at Rs 90 crore,as against Rs 56.81 crore in the previous fiscal.
For the year ended March 31,2011,the company’s net sales stood at Rs 1,547.71 crore,compared to Rs 1,198.33 crore in the previous fiscal.
Shares of Atul Auto today closed at Rs 180.65 on BSE,up 2.67 per cent from its previous close.
