Ask Automotive announced that the 36th Annual General Meeting(AGM) of the company will be held on 21 August 2024.Powered by Capital Market - Live News

Net profit of ASK Automotive rose 111.89% to Rs 47.76 crore in the quarter ended March 2024 as against Rs 22.54 crore during the previous quarter ended March 2023. Sales rose 37.61% to Rs 782.51 crore in the quarter ended March 2024 as against Rs 568.66 crore during the previous quarter ended March 2023.For the full year,net profit rose 41.33% to Rs 173.77 crore in the year ended March 2024 as against Rs 122.95 crore during the previous year ended March 2023. Sales rose 17.20% to Rs 2994.55 crore in the year ended March 2024 as against Rs 2555.17 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales782.51568.66 38 2994.552555.17 17 OPM %10.528.39 -10.049.02 - PBDT78.8847.01 68 298.96230.46 30 PBT59.9131.80 88 229.97169.76 35 NP47.7622.54 112 173.77122.95 41 Powered by Capital Market - Live News

Ask Automotive announced that the Board of Directors of the Company at its meeting held on 18 May 2024, has recommended a Final dividend of Rs.1 per share (i.e.50%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Ask Automotive will hold a meeting of the Board of Directors of the Company on 18 May 2024Powered by Capital Market - Live News

The Board of ASK Automotive at its meeting held on 24 April 2024 has granted their approval for entering into a joint venture with Aisin Asia (Thailand) Company, Thailand (AA-T) and AISIN Automotive Haryana, India, (AHL) (AA-T and AHL collectively referred to as AISIN Group Companies), for marketing and selling of the Independent After Market (IAM) parts for passenger cars, through a joint venture company, which will be incorporated after execution of Joint Venture Agreement.The Company shall own 51% of the shareholding in the JV Co., and shall be infusing funds up to Rs. 10,71,00,000/- (in total), in one or more traches in the JV Co. out of which an amount of Rs. 51,00,000/-shall be infused at the time of incorporation of the JV Co. and accordingly the proposed JV Co. will be the subsidiary of the Company. Further, the remaining 49% shall be owned by AISIN Group Companies.Powered by Capital Market - Live News