Tata Group stock engaged in manufacturing and supplying sheet metal stampings, welded assemblies, Battery tray assemblies, and modules for the automotive industry slumps 7 percent in the day’s trade upon reporting weak Q1FY25 results with a 48 percent decline in Net Profits.
Price Action
With a market capitalization of Rs. 1,416 Crores, the shares of Automotive Stampings & Assemblies Limited were trading at Rs. 892.85 per equity share, down 4.66 percent from its previous day’s close price of Rs. 935.45.
Q1FY25 Results
Its Revenue from operations declined by 12 percent YoY from Rs. 219.16 Crores in Q1FY24 to Rs. 191.94 Crores in Q1FY25 and it declined by 17 percent QoQ from Rs. 232.47 Crores in Q4FY24 to Rs. 191.94 Crores in Q1FY25.
Its Net Profit grew by 4 percent YoY from Rs.3.82 Crores in Q1FY24 to Rs.3.99 Crores in Q1FY25 and it declined by 48 percent QoQ from Rs. 7.61 Crores in Q4FY24 to Rs. 3.99 Crores in Q1FY25. Its Net Profit Margin increased from 1.7 percent in Q1FY24 to 2.07 percent in Q1FY25.
About the Company
Automotive Stampings & Assemblies Limited manufactures sheet metal stampings, welded assemblies, Battery tray assemblies, and modules for passenger cars, commercial vehicles, and others in the automotive industry. Its product range consists of structural panels, skin panels, fuel tanks, rear twist beams, oil sumps, and suspension.
It is also part of the Tata Group, with Tata Autocomp Systems Limited a subsidiary of Tata Sons, Tata Motors and many others being the promoter of the company with a 75 percent holding stake in the company.
Also Read
It serves esteemed vehicle manufacturers such as Tata Motors Limited, General Motors India Private Limited, Fiat India Automotive Private Limited (FCA), Piaggio Vehicles Private Limited, Ashok Leyland, JCB, Tata Hitachi, and MG Motors.
Written by: Bharath K.S
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