Net profit of Majestic Auto reported to Rs 19.78 crore in the quarter ended March 2019 as against net loss of Rs 0.61 crore during the previous quarter ended March 2018. Sales rose 246.81% to Rs 51.12 crore in the quarter ended March 2019 as against Rs 14.74 crore during the previous quarter ended March 2018.

For the full year,net profit reported to Rs 43.60 crore in the year ended March 2019 as against net loss of Rs 3.60 crore during the previous year ended March 2018. Sales rose 109.25% to Rs 116.70 crore in the year ended March 2019 as against Rs 55.77 crore during the previous year ended March 2018.

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Majestic Auto will hold a meeting of the Board of Directors of the Company on 18 April 2019.

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Meanwhile, the S&P BSE Sensex was up 19.20 points or 0.05% at 36,340.49

On the BSE, 1.23 lakh shares were traded on the counter so far as against the average daily volumes of 5,101 shares in the past two weeks. The stock had hit a high of Rs 146.15 and a low of Rs 135.60 so far during the day.

On a consolidated basis, Majestic Auto reported a net profit of Rs 19.21 crore in Q3 December 2018, compared with net loss of Rs 1.40 crore in Q3 December 2017. Net sales rose 158.71% to Rs 35.78 crore in Q3 December 2018 over Q3 December 2017. The result was announced after market hours on 15 January 2019.

Majestic Auto is a manufacturer of sheet metal components.

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Net profit of Majestic Auto reported to Rs 19.21 crore in the quarter ended December 2018 as against net loss of Rs 1.40 crore during the previous quarter ended December 2017. Sales rose 158.71% to Rs 35.78 crore in the quarter ended December 2018 as against Rs 13.83 crore during the previous quarter ended December 2017.

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