Automotive Axles announced the resignation of Nikhil Prabhu V; DGM - Finance of the Company with effect from 12 April 2024. Powered by Capital Market - Live News

Automotive Axles announced the cessation of Shalini Sarin (DIN: 06604529), Non-Executive Independent Director of the Company with effect from 12 February 2024. Powered by Capital Market - Live News

Automotive Axles has appointed Bijal Tushar Ajinkya (DIN: 01976832) as an Additional Director (Independent Women Director) of the Company with effect from 11 February 2024. Powered by Capital Market - Live News

Net profit of Automotive Axles declined 22.75% to Rs 39.15 crore in the quarter ended December 2023 as against Rs 50.68 crore during the previous quarter ended December 2022. Sales declined 17.45% to Rs 541.33 crore in the quarter ended December 2023 as against Rs 655.78 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales541.33655.78 -17 OPM %10.7011.86 - PBDT61.5878.31 -21 PBT52.6167.94 -23 NP39.1550.68 -23 Powered by Capital Market - Live News

Automotive Axles will hold a meeting of the Board of Directors of the Company on 31 January 2024.Powered by Capital Market - Live News