Remsons Industries Ltd Share Price – NSE  /  BSE

Auto Ancillaries, Small Cap

The company is currently supplying winches to its successful models viz. Tigor, Altroz and Punch and the recent order is for its new model Nexon iCNG.

The total size of the order stands at Rs 30 crore, which will be executed over a period of three years.

Amit Srivastava, Group CEO, said, “At Remsons, we take great pride that Tata Motors has placed their trust in us. By providing a wide selection of winches, we ensure that businesses can find the perfect solution for their specific needs and be a valuable partner in their journey.

With the help of UK acquisition of Remsons was able to add various goods such as winches, jacks and pedal boxes. We are in the process of introducing them to our customers, who will be able to benefit from global technology produced in India.”

Remsons Industries is an automotive OEM components manufacturer supplying to two, three and four wheeler vehicles, commercial vehicles and off highway vehicles all over India and automotive OEM’s globally since last 50 years. The company has facilities in Gurgaon, Pune, Pardi and Daman in India, & Stourport in UK.

The company's consolidated net profit surged 66.34% to Rs 3.41 crore on an 8.77% increase in sales to Rs 82.22 crore in Q3 FY24 over Q3 FY23.

The scrip had lost 0.38% to end at Rs 927.75 on the BSE yesterday.

Domestic equity markets are shut today on account of Ram Navami.

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Remsons Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 29 March 2024 .

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Daiichi, headquartered in Istanbul, Turkey, with over 3.50 lakh sq. ft for manufacturing, operates with a strong team of 1500+ employees at technical centres, manufacturing sites and customer support services globally.

The JV will focus on developing advanced electronics solutions tailored to meet the demands of next-generation vehicles, including infotainment systems, digital clusters, rear view cameras, USB chargers, shark fin antennas, AVAS system, DMS.

The company stated that through a collaborative approach that prioritizes innovation, reliability, and sustainability, it aims to empower automakers with the tools they need to drive progress and enhance the driving experience for Indian markets.

Remsons Industries is manufacturing automotive control cables, flexible shafts, push pull cables and gear shifter assembly.

The company reported 66.3% jump in consolidated net profit to Rs 3.41 crore on 8.77% rise in revenue from operations to Rs 82.22 crore in Q3 FY24 over Q3 FY23.

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Remsons Industries will hold a meeting of the Board of Directors of the Company on 27 February 2024.

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