Talbros Automotive Components announced order win from a large European OEM for a multi-year contract valued at approximately Rs. 1,000 crore. These orders are to be executed over a period of next 8 years commencing from Q4FY25. The Order win is by TACL`s Joint Venture Company, Marelli Talbros Chassis Systems (MTCS). This order is centered on the supply of Suspension Arms tailored for both conventional Internal Combustion Engine (ICE) vehicles and new age Electric Vehicle (EV) platforms for EMEA and NAFTA regions. The production for the same would be done from the Pune plant of MTCS for which a capex investment of ~Rs. 65 crore is envisaged in FY25. The investments would be done through internal accruals and debt. This order adds a new customer for TACL group in Europe, which is a highly specialized market for automotive components. This will further improve the market share in Europe and open new avenues of growth with existing and new OEMs in the region. Last year, the Company received orders to the tune of ~�Rs 980 crore across varied products segments in standalone and JV company. Amongst these, orders worth ~Rs. 475 crores were for supply for EV segment. Furthermore, orders worth ~ Rs. 415 crore were related to exports. Coupled with order wins in FY24, TACL anticipates continued momentum in business and profitabilityPowered by Capital Market - Live News

Net profit of Talbros Automotive Components rose 65.57% to Rs 22.75 crore in the quarter ended December 2023 as against Rs 13.74 crore during the previous quarter ended December 2022. Sales rose 25.36% to Rs 198.74 crore in the quarter ended December 2023 as against Rs 158.53 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales198.74158.53 25 OPM %15.3214.28 - PBDT34.3423.55 46 PBT28.2017.27 63 NP22.7513.74 66 Powered by Capital Market - Live News

Talbros Automotive Components will hold a meeting of the Board of Directors of the Company on 7 February 2024.Powered by Capital Market - Live News

Talbros Automotive Components has received multi-year orders worth Rs 580 crore from both, domestic and overseas customers across its business divisions, product segments and JVs including ExportOrders of Rs. 415 crore and multiple EV Orders for Rs. 270 crore from leading OEMs.Powered by Capital Market - Live News

Talbros Automotive Components announced that the Board of Directors of the Company at its meeting held on 08 November 2023, has recommended a Interim dividend of Rs.0.20 per share (i.e.10%), subject to the approval of the shareholders.Powered by Capital Market - Live News