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
4870 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
Subtle Steel Price Increases Add Fresh Pressure on Auto Costs
Shahkar Abidi
21 Jan 2026
While finished steel prices are stable, rising iron ore and coking coal costs threaten to squeeze the margins gained fro...
The Magnetic Squeeze: Rising Motor Costs Threaten the EV Value Chain
Shahkar Abidi
21 Jan 2026
Production of traction motors declined by 7.2%, a sharp reversal from the 12.8% growth seen last year.
Cooling Rubber Prices Offer Margin Relief for Automakers
Shahkar Abidi
21 Jan 2026
Rubber price trends in December 2025 offer a rare moment of cost relief for manufacturers facing margin pressures elsewh...
