The company is planning to launch a gasoline three-wheeler which will be available on all three fuels, that is petrol, CNG and LPG.
Atul Auto posted 4.12% growth in the sales for the month of April, 2015. The company has sold 2,502 units during the month as compared to 2,403 units sold during April 2014.
In an interview with CNBC TV18, JV Adhia, VP-Finance, Atul Auto, said that the company expects to register good numbers in terms of sales, once company will have correct product to address the overseas market.
For the quarter, the standalone net profit of the company rose 2.37% to Rs 8.63 crore in the quarter ended March 2015 as against Rs 8.43 crore during the previous quarter ended March 2014. Sales rose 8.41% to Rs 121.75 crore in the quarter ended March 2015 as against Rs 112.30 crore during the previous quarter ended March 2014.
For the full year,net profit rose 36.19% to Rs 40.57 crore in the year ended March 2015 as against Rs 29.79 crore during the previous year ended March 2014. Sales rose 14.17% to Rs 490.07 crore in the year ended March 2015 as against Rs 429.25 crore during the previous year ended March 2014.
In FY15, the company reported 10% growth in terms of total volumes. For FY16, company is optimistic and anticipates that for the full year, the company will be able to maintain a double digit growth momentum. Having said that, Adhia believes that H1FY16 will be more tricky for all the players in the industry because of low sentiments of the audience.
The margins improved from 10 and a half percent to close to 12 percent mark. Talking about the margin outlook for FY16, he said, "Since, we are scaling higher as far as volume is concerned, we will be definitely gaining better on operating leverage; that is the area where we expect that we will keep doing this upward journey somewhere between 50-75 basis points year-on-year".
The company is planning to launch a gasoline three-wheeler which will be available on all three fuels, that is petrol, CNG and LPG. For the launch, they have already started conducting a market clinic. The launches are expected to happen after second quarter of FY16.
Stock Price:
At 9:20 AM the stock of the company is trading at Rs. 456.20. The stock of the company is trading down 0.59% from its previous close which was at Rs. 458.90. It hit a high at Rs. 460.40 and low at Rs. 456.20. The total traded quantity is 35 and two-week average quantity is 30,000.
In an interview with CNBC TV18, JV Adhia, VP-Finance, Atul Auto, said that the company expects to register good numbers in terms of sales, once company will have correct product to address the overseas market.
For the quarter, the standalone net profit of the company rose 2.37% to Rs 8.63 crore in the quarter ended March 2015 as against Rs 8.43 crore during the previous quarter ended March 2014. Sales rose 8.41% to Rs 121.75 crore in the quarter ended March 2015 as against Rs 112.30 crore during the previous quarter ended March 2014.
For the full year,net profit rose 36.19% to Rs 40.57 crore in the year ended March 2015 as against Rs 29.79 crore during the previous year ended March 2014. Sales rose 14.17% to Rs 490.07 crore in the year ended March 2015 as against Rs 429.25 crore during the previous year ended March 2014.
In FY15, the company reported 10% growth in terms of total volumes. For FY16, company is optimistic and anticipates that for the full year, the company will be able to maintain a double digit growth momentum. Having said that, Adhia believes that H1FY16 will be more tricky for all the players in the industry because of low sentiments of the audience.
The margins improved from 10 and a half percent to close to 12 percent mark. Talking about the margin outlook for FY16, he said, "Since, we are scaling higher as far as volume is concerned, we will be definitely gaining better on operating leverage; that is the area where we expect that we will keep doing this upward journey somewhere between 50-75 basis points year-on-year".
The company is planning to launch a gasoline three-wheeler which will be available on all three fuels, that is petrol, CNG and LPG. For the launch, they have already started conducting a market clinic. The launches are expected to happen after second quarter of FY16.
Stock Price:
At 9:20 AM the stock of the company is trading at Rs. 456.20. The stock of the company is trading down 0.59% from its previous close which was at Rs. 458.90. It hit a high at Rs. 460.40 and low at Rs. 456.20. The total traded quantity is 35 and two-week average quantity is 30,000.
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