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- Automotive Axles Ltd Share Price
1,654.80
1.70 (0.10%)
-
Underperforms Index
-12.59%
Return (1Y)
Underperformed Nifty 50 by 20.24%
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More Volatile
1.64%
Standard Deviation (1Y)
Higher than Nifty 50 by 0.7%
-
Not so consistent
4/12
Months
underperformed Nifty 50
2,214

1,520
News & Announcements
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According to the company?s stock exchange filing, the revised agreement will allow Automotive Axles to directly supply products to certain customers who were previously serviced through MHVSIL.
These customers, primarily original equipment manufacturers (OEMs), have been sourcing products manufactured by Automotive Axles through MHVSIL under an older supply agreement dating back to 27 February 1999.
Under the new arrangement, the company will now engage with them directly, ensuring business continuity without any changes to product specifications, pricing, or service terms.
The agreement comes after shareholders rejected certain related-party transactions between Automotive Axles and MHVSIL, necessitating this revised commercial understanding. The MoU also supersedes prior arrangements concerning supply and technical assistance between the two entities.
Additionally, the company has proposed a services agreement with MHVSIL, under which the latter will provide marketing, business development, engineering, product development, account management, and relationship-related services to Automotive Axles.
The development is expected to strengthen Automotive Axles? customer base and operational independence, positioning it for greater market control while leveraging MHVSIL?s technical expertise.
Automotive Axles (AAL) is a joint venture of Kalyani Group and Meritor Inc., USA. With manufacturing facilities located at Mysore (Karnataka), the company is currently the largest independent manufacturer of rear drive axle assemblies in India. The company has also expanded its footprints in North India with its plants at Pantnagar and Jamshedpur.
The company's standalone net profit rose 1.1% to Rs 39.58 despite a 2% decrease in revenue from operations to Rs 530.74 crore in Q3 FY25 over Q2 FY24.
Powered by Capital Market - Live News
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Automotive Axles standalone net profit rises 1.10% in the December 2024 quarter
04 - Feb - 2025 12:00 | 86 days ago
Net profit of Automotive Axles rose 1.10% to Rs 39.58 crore in the quarter ended December 2024 as against Rs 39.15 crore during the previous quarter ended December 2023. Sales declined 1.96% to Rs 530.74 crore in the quarter ended December 2024 as against Rs 541.33 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 530.74 541.33 -2 OPM % 10.83 10.70 - PBDT 62.82 61.58 2 PBT 54.00 52.61 3 NP 39.58 39.15 1 Powered by Capital Market - Live News
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Automotive Axles to announce Quarterly Result
93 days ago
-
Automotive Axles standalone net profit rises 1.10% in the December 2024 quarter
04 - Feb - 2025 12:00 | 86 days ago
Net profit of Automotive Axles rose 1.10% to Rs 39.58 crore in the quarter ended December 2024 as against Rs 39.15 crore during the previous quarter ended December 2023. Sales declined 1.96% to Rs 530.74 crore in the quarter ended December 2024 as against Rs 541.33 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 530.74 541.33 -2 OPM % 10.83 10.70 - PBDT 62.82 61.58 2 PBT 54.00 52.61 3 NP 39.58 39.15 1 Powered by Capital Market - Live News
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Automotive Axles to announce Quarterly Result
93 days ago
-
Profit before tax (PBT) stood at Rs 48.45 crore in Q2 FY25, down 19.71% YoY for the quarter ended 30 September 2024.
Total expenses fell 14.31% to Rs 452.31 crore in the quarter ended 30 September 2024. Cost of materials consumed was at Rs 371.90 crore (down 10.38% YoY) and employee expense was at Rs 34.29 crore (up 3.65%) during the quarter.
On half year basis, the company’s net profit declined 15.54% to Rs 70.02 crore on 11.56% fell in revenue f5rom operations to Rs 987.15 crore in H1 FY25 over H1 FY24.
Automotive Axles (AAL) is a joint venture of Kalyani Group and Meritor Inc., USA. With manufacturing facilities located at Mysore (Karnataka), the company is currently the largest independent manufacturer of Rear Drive Axle Assemblies in India. The company has also expanded its footprints in North India with its plants at Pantnagar and Jamshedpur.
Powered by Capital Market - Live News
-
According to the company?s stock exchange filing, the revised agreement will allow Automotive Axles to directly supply products to certain customers who were previously serviced through MHVSIL.
These customers, primarily original equipment manufacturers (OEMs), have been sourcing products manufactured by Automotive Axles through MHVSIL under an older supply agreement dating back to 27 February 1999.
Under the new arrangement, the company will now engage with them directly, ensuring business continuity without any changes to product specifications, pricing, or service terms.
The agreement comes after shareholders rejected certain related-party transactions between Automotive Axles and MHVSIL, necessitating this revised commercial understanding. The MoU also supersedes prior arrangements concerning supply and technical assistance between the two entities.
Additionally, the company has proposed a services agreement with MHVSIL, under which the latter will provide marketing, business development, engineering, product development, account management, and relationship-related services to Automotive Axles.
The development is expected to strengthen Automotive Axles? customer base and operational independence, positioning it for greater market control while leveraging MHVSIL?s technical expertise.
Automotive Axles (AAL) is a joint venture of Kalyani Group and Meritor Inc., USA. With manufacturing facilities located at Mysore (Karnataka), the company is currently the largest independent manufacturer of rear drive axle assemblies in India. The company has also expanded its footprints in North India with its plants at Pantnagar and Jamshedpur.
The company's standalone net profit rose 1.1% to Rs 39.58 despite a 2% decrease in revenue from operations to Rs 530.74 crore in Q3 FY25 over Q2 FY24.
Powered by Capital Market - Live News
-
Automotive Axles standalone net profit rises 1.10% in the December 2024 quarter
04 - Feb - 2025 12:00 | 86 days ago
Net profit of Automotive Axles rose 1.10% to Rs 39.58 crore in the quarter ended December 2024 as against Rs 39.15 crore during the previous quarter ended December 2023. Sales declined 1.96% to Rs 530.74 crore in the quarter ended December 2024 as against Rs 541.33 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 530.74 541.33 -2 OPM % 10.83 10.70 - PBDT 62.82 61.58 2 PBT 54.00 52.61 3 NP 39.58 39.15 1 Powered by Capital Market - Live News
-
Automotive Axles to announce Quarterly Result
93 days ago
-
Profit before tax (PBT) stood at Rs 48.45 crore in Q2 FY25, down 19.71% YoY for the quarter ended 30 September 2024.
Total expenses fell 14.31% to Rs 452.31 crore in the quarter ended 30 September 2024. Cost of materials consumed was at Rs 371.90 crore (down 10.38% YoY) and employee expense was at Rs 34.29 crore (up 3.65%) during the quarter.
On half year basis, the company’s net profit declined 15.54% to Rs 70.02 crore on 11.56% fell in revenue f5rom operations to Rs 987.15 crore in H1 FY25 over H1 FY24.
Automotive Axles (AAL) is a joint venture of Kalyani Group and Meritor Inc., USA. With manufacturing facilities located at Mysore (Karnataka), the company is currently the largest independent manufacturer of Rear Drive Axle Assemblies in India. The company has also expanded its footprints in North India with its plants at Pantnagar and Jamshedpur.
Powered by Capital Market - Live News
-
According to the company?s stock exchange filing, the revised agreement will allow Automotive Axles to directly supply products to certain customers who were previously serviced through MHVSIL.
These customers, primarily original equipment manufacturers (OEMs), have been sourcing products manufactured by Automotive Axles through MHVSIL under an older supply agreement dating back to 27 February 1999.
Under the new arrangement, the company will now engage with them directly, ensuring business continuity without any changes to product specifications, pricing, or service terms.
The agreement comes after shareholders rejected certain related-party transactions between Automotive Axles and MHVSIL, necessitating this revised commercial understanding. The MoU also supersedes prior arrangements concerning supply and technical assistance between the two entities.
Additionally, the company has proposed a services agreement with MHVSIL, under which the latter will provide marketing, business development, engineering, product development, account management, and relationship-related services to Automotive Axles.
The development is expected to strengthen Automotive Axles? customer base and operational independence, positioning it for greater market control while leveraging MHVSIL?s technical expertise.
Automotive Axles (AAL) is a joint venture of Kalyani Group and Meritor Inc., USA. With manufacturing facilities located at Mysore (Karnataka), the company is currently the largest independent manufacturer of rear drive axle assemblies in India. The company has also expanded its footprints in North India with its plants at Pantnagar and Jamshedpur.
The company's standalone net profit rose 1.1% to Rs 39.58 despite a 2% decrease in revenue from operations to Rs 530.74 crore in Q3 FY25 over Q2 FY24.
Powered by Capital Market - Live News
-
Automotive Axles standalone net profit rises 1.10% in the December 2024 quarter
04 - Feb - 2025 12:00 | 86 days ago
Net profit of Automotive Axles rose 1.10% to Rs 39.58 crore in the quarter ended December 2024 as against Rs 39.15 crore during the previous quarter ended December 2023. Sales declined 1.96% to Rs 530.74 crore in the quarter ended December 2024 as against Rs 541.33 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 530.74 541.33 -2 OPM % 10.83 10.70 - PBDT 62.82 61.58 2 PBT 54.00 52.61 3 NP 39.58 39.15 1 Powered by Capital Market - Live News
-
Automotive Axles to announce Quarterly Result
93 days ago
-
Automotive Axles standalone net profit rises 1.10% in the December 2024 quarter
04 - Feb - 2025 12:00 | 86 days ago
Net profit of Automotive Axles rose 1.10% to Rs 39.58 crore in the quarter ended December 2024 as against Rs 39.15 crore during the previous quarter ended December 2023. Sales declined 1.96% to Rs 530.74 crore in the quarter ended December 2024 as against Rs 541.33 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 530.74 541.33 -2 OPM % 10.83 10.70 - PBDT 62.82 61.58 2 PBT 54.00 52.61 3 NP 39.58 39.15 1 Powered by Capital Market - Live News
-
Automotive Axles to announce Quarterly Result
93 days ago
-
Profit before tax (PBT) stood at Rs 48.45 crore in Q2 FY25, down 19.71% YoY for the quarter ended 30 September 2024.
Total expenses fell 14.31% to Rs 452.31 crore in the quarter ended 30 September 2024. Cost of materials consumed was at Rs 371.90 crore (down 10.38% YoY) and employee expense was at Rs 34.29 crore (up 3.65%) during the quarter.
On half year basis, the company’s net profit declined 15.54% to Rs 70.02 crore on 11.56% fell in revenue f5rom operations to Rs 987.15 crore in H1 FY25 over H1 FY24.
Automotive Axles (AAL) is a joint venture of Kalyani Group and Meritor Inc., USA. With manufacturing facilities located at Mysore (Karnataka), the company is currently the largest independent manufacturer of Rear Drive Axle Assemblies in India. The company has also expanded its footprints in North India with its plants at Pantnagar and Jamshedpur.
Powered by Capital Market - Live News
Stock Trivia
MF shareholding in Automotive Axles Ltd has increased by 3.7% since past 3 Months
MF shareholding in Automotive Axles Ltd has increased by 14.12% since past 1 Year
MF shareholding in Automotive Axles Ltd has increased by 3.7% since past 3 Months
FII shareholding in Automotive Axles Ltd has increased by 3.72% since past 1 Year
MF shareholding in Automotive Axles Ltd has increased by 14.12% since past 1 Year
MF shareholding in Automotive Axles Ltd has increased by 3.7% since past 3 Months
MF shareholding in Automotive Axles Ltd has increased by 14.12% since past 1 Year
