ACGL reports net profit in Q3

Overall sales grew 129 percent in the quarter

By Shahkar Abidi calendar 28 Jan 2022 Views icon8820 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
ACGL reports net profit in Q3

The Automobile Corporation of Goa Ltd (ACGL) reported a net profit of Rs 3.41 crore in Q3FY2022 as against Rs 0.35 crore loss in Q3 FY2021, apparently on back of improving demand from the bus segment. The company's  net profit was Rs 1.55 crore during Q2 FY2022. 

The company’s overall sales grew by about 129 percent to Rs 76 crore during the same period in comparison to Rs 33 crore in Q3FY2021 and Rs 55 crore during Q2FY2022, the company said in a regulatory filing.  Tata Motors and group companies holds 49.77% stakes in it. The company is engaged in the business of manufacturing pressed parts, components, sub-assemblies and assemblies for various ranges of automobiles and bus bodies with component parts for which  Tata Motors is its single largest customer contributing around 88 percent of the total basic sales. 

RELATED ARTICLES
MAHLE Cuts Scope 1 and 2 CO2 Emissions by 47% as Sustainability Report Debuts in Annual Report

auther Shruti Shiraguppi calendar22 Apr 2026

The automotive supplier is within two percentage points of its 2030 decarbonisation target and has halved its workplace ...

Chinese Brands Go Upmarket as German Giants Struggle to Stay Relevant: Reuters Report

auther Arunima Pal calendar22 Apr 2026

The 2026 Beijing Auto Show highlights a major power shift in the global auto industry, with Chinese carmakers moving int...

Vedanta Boosts Renewable Energy Use by 50%

auther Sarthak Mahajan calendar22 Apr 2026

On World Earth Day, the Indian conglomerate reported a significant jump in clean energy consumption, avoiding three mill...