Net profit of Gujarat Automotive Gears declined 2.07% to Rs 1.42 crore in the quarter ended June 2017 as against Rs 1.45 crore during the previous quarter ended June 2016. Sales declined 0.52% to Rs 7.58 crore in the quarter ended June 2017 as against Rs 7.62 crore during the previous quarter ended June 2016.

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Gujarat Automotive Gears will hold a meeting of the Board of Directors of the Company on 14 September 2017.

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Gujarat Automotive Gears announced that the National Company Law Tribunal, Chandigarh Bench has fixed 24 August 2017 as date of hearing on matter of scheme of amalgamation of Him Teknoforge with Gujarat Automotive Gears.

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Net profit of Gujarat Automotive Gears rose 0.89% to Rs 1.13 crore in the quarter ended March 2017 as against Rs 1.12 crore during the previous quarter ended March 2016. Sales rose 0.52% to Rs 7.75 crore in the quarter ended March 2017 as against Rs 7.71 crore during the previous quarter ended March 2016.

For the full year,net profit rose 29.51% to Rs 5.31 crore in the year ended March 2017 as against Rs 4.10 crore during the previous year ended March 2016. Sales rose 31.53% to Rs 33.71 crore in the year ended March 2017 as against Rs 25.63 crore during the previous year ended March 2016.

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