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
4706 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
Anand Group’s Gabriel India to Acquire Asia Investments Pvt Ltd’s Automotive Business
Kiran Murali
30 Jun 2025
Use this as strap - Strap – Apart from Anchemco, which makes automotive fluids and adhesives, AIPL's equity holdings in...
Electric 2W Industry Poised to Grow Without Demand Subsidies: Ather’s Tarun Mehta
Kiran Murali
30 Jun 2025
As EV adoption grows, the government has been progressively scaling back subsidies, signaling a deliberate policy shift ...
Mahindra Trucks & Buses Steers Through Industry Headwinds, Achieves Key Financial Turnaround
Shahkar Abidi
30 Jun 2025
This milestone comes as the company recorded flat growth in volumes, successfully limiting its decline to just 1% in an ...
