Talbros Automotive Components announced that its 50% JV Marelli Talbros Chassis Systems has received multi-year order from a Large European Car Manufacturer. The Order is for supplying BIW (Body in White design) parts.

The order supplies will begin in Q1FY22 from the JV Company's plant in Pune, Maharashtra. The annual order value is estimated at Rs. 14.4 crore. The order value is estimated at approximately Rs. 92 crore over the life of the contract. No major investments will be required to fulfil this order as the JV Company has sufficient capacity.

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Marelli Talbros Chassis Systems, the 50% joint venture company of Talbros Automotive Components has received multi-year order from a large European car manufacturer. The order is for supplying BIW (body in white design) parts. The order supplies will begin in Q1FY22 from the JV company's plant in Pune, Maharashtra. The annual order value is estimated at Rs 14.4 crore. The order value is estimated at approximately Rs 92 crore over the life of the contract. No major investments will be required to fulfill this order as the JV company has sufficient capacity.

Commenting on the development Anuj Talwar, Joint MD of Talbros Automotive Components said: This order is our second large win in the current financial year. This order further enhances the revenue growth visibility and will lead to operating leverage benefits due to low level of capex required to fulfil this order. We remain buoyant on the export opportunities for Indian Auto Components Industry and believe the positive momentum to continue for specialized manufacturers like us.

Talbros Automotive Components, the flagship manufacturing company of the Talbros Group, manufactures automotive & industrial gaskets in collaboration with Coopers Payen of UK.

The company posted a consolidated net profit of Rs 10 crore in Q2 FY21 as compared to a net profit of Rs 3.01 crore in Q2 FY20. Net sales during the quarter rose 19.3% to Rs 108.26 crore.

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The company further said that the forging business continued to outperform all other segments. The segment achieved approximately 45% revenue growth on year-on-year (Y-o-Y) basis.

The gaskets business achieved revenue growth of over 25% on Y-o-Y basis, it added. Talbros Automotive said that all the joint venture companies have reported positive revenue growth. Nippon Leakless Talbros reported double-digit revenue growth on YoY basis. Magneti Mareli Talbros Chassis Systems reported mid-single digit revenue growth on YoY basis. Talbros Marugo Rubber reported lower-single digit revenue growth on YoY basis.

During Q3 FY21, the company entered in a Technical Assistance Agreement (TAA) with its Japanese partner 'Sanwa Packing Industry Co.' for lightweight aluminium heat shields.

Talbros Automotive Components, the flagship manufacturing company of the Talbros Group, manufactures automotive & industrial gaskets in collaboration with Coopers Payen of UK. Talbros stands proud and tall as a mother brand of gaskets, chassis, rubber products and forgings in India. Talbros Group portfolio also includes Mercedes Benz dealership for passenger cars.

The company posted a consolidated net profit of Rs 10 crore in Q2 FY21 as compared to a net profit of Rs 3.01 crore in Q2 FY20. Net sales during the quarter rose 19.3% to Rs 108.26 crore.

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Net profit of Talbros Automotive Components rose 232.23% to Rs 10.00 crore in the quarter ended September 2020 as against Rs 3.01 crore during the previous quarter ended September 2019. Sales rose 19.29% to Rs 108.26 crore in the quarter ended September 2020 as against Rs 90.75 crore during the previous quarter ended September 2019.

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