The share of this automotive company gained up to 5 percent after the company’s net profit increased by 53 percent in the second quarter result.
Talbros Automotive Components Ltd is a small-cap company with a market capitalization of Rs 1,432.09 crores. The company shares were trading at Rs 237.95 a share, increased by 2.37 percent from the previous close price of Rs 232.45 a share.
Looking into the company’s Performance, Talbros Automotive Components Ltd’s revenue increased by 6.1 percent on a quarter-on-quarter basis from Rs. 185.31 crores in Q1FY24 to Rs.196.62 crores in Q2 FY24. Further, revenue increased by 21 percent year on year from Rs. 162.17 crores to Rs.196.62 crores
Talbros Automotive Components Ltd’s net profit increased by 14.9 percent on a quarter-on-quarter basis from Rs. 17.41 crores in Q1FY24 to Rs. 20.02 crores in Q2 FY24. Further, net profit increased by 53 percent year on year from Rs. 17.41 crores to Rs.20.02 crores.
Talbros Automotive Components Ltd reported return ratios in the recent financial year with a return on equity (ROE) of 16.6 percent and a return on capital employed (ROCE) of 19.32 percent.
Talbros Automotive Components Ltd’s recent shareholding pattern, The Promoters of the Company own 58.42 percent while Retail shareholders own a 41.48 percent stake in the company and Foreign Institutional Investors own a 0.02 percent stake.
Talbros Automotive Components Ltd stock gave a multi-bagger return of 146.01 percent in six months and more than 200 percent in 8 months.
Two prominent investors, Dolly Khanna (holding 1,93,215 shares) and Vijay Kishanlal Kedia (holding 1,50,000 shares) respectively, were major shareholders of the company as of the September quarter.
Talbros is a multifaceted automotive component company that operates in the passenger, commercial, two- and three-wheeler, off-loader, agricultural machinery, and industrial vehicle segments.
Written By:- Abhishek Singh
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