Amtek Auto pegs loss at Rs 308 crore for Q4 FY2017
Auto component maker Amtek Auto has reported a consolidated loss of Rs 308 crore in its Q4 FY2017.
12 Jun 2017
4902 Views
Share -
Amtek Auto, part of the integrated component manufacturer Amtek Group, announced its Q4 FY2017 results posting a loss of Rs 308 crore, a decrease of 45 percent (Q4 FY2016: Rs 563 crore).
FY 2016-17 saw the standalone losses pegged at Rs 1,624 crore mainly due to high finance cost of Rs 1,305 crore for the year.
The company has been trying to reduce debts by sale of certain overseas and domestic assets, with the total debt estimated to be around Rs 13,000 crore.
Focus on cost optimization and strengthening of sales was the key focus for the company to improve its international operations, stated an earlier media release.
RELATED ARTICLES
Gulf Oil, Mahindra Tractors Renew Multi-Year Partnership
Arunima Pal
20 Feb 2026
Gulf Oil to continue to supply lubricants to Mahindra’s tractor division and hold the largest share of business for the...
Punch EV Pushes Closer to the Mainstream With 355 km Real-World Range: Anand Kulkarni
Arunima Pal
20 Feb 2026
Tata Motors says the upgraded Punch.ev, with higher real-world range, faster charging and its new Acti.ev platform, is a...
Tata Motors PV Expects 30–50% Jump in Punch.ev Volumes After New Launch
Darshan Nakhwa
20 Feb 2026
Automaker bets on higher range, faster charging, and accessible pricing to lift EV adoption in the entry segment.
