Net Loss of Autolite (India) reported to Rs 0.49 crore in the quarter ended March 2017 as against net loss of Rs 0.60 crore during the previous quarter ended March 2016. Sales declined 20.15% to Rs 26.08 crore in the quarter ended March 2017 as against Rs 32.66 crore during the previous quarter ended March 2016.

For the full year,net profit declined 22.95% to Rs 0.47 crore in the year ended March 2017 as against Rs 0.61 crore during the previous year ended March 2016. Sales declined 12.80% to Rs 105.07 crore in the year ended March 2017 as against Rs 120.50 crore during the previous year ended March 2016.

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Autolite (India) will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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Autolite (India) announced that the Board of Directors of the company at its meeting held on 28 March 2017 has allotted 6 lakh equity shares of Rs 10 each at a premium of Rs 8 per share on conversion of warrants. With this allotment, the paid up capital of the Company has increased to Rs 11.18 crore.

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Autolite (India) has set up new halogen plant line at Sitapura Jaipur which leads to the increase in production capacity of halogen bulbs by Rs. 30 crore per annum.

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