NDR Auto Components Q1 FY23 Net Profit Up 73 per cent : vima

NDR Auto Components Q1 FY23 Net Profit Up 73 per cent

New Delhi [India], August 10 (ANI/PNN): NDR Auto Component, engaged in the business of manufacturing seating solutions like frames and trims to four-wheelers and two-wheelers vehicles, has announced its unaudited Financial Results for the Q1FY23. Consolidated Total Revenues at Rs 64.09 crore; up by 40.46 per cent Consolidated EBITDA at Rs 5.59 crore; up by 34.38 crore Consolidated PBT at Rs 4.95 crore; up by 73.68 per cent Consolidated PAT at Rs 4.12 crore; up by 73.11 per cent Consolidated EPS at Rs 6.81 against Rs 3.97 in the corresponding quarter. Commenting on the performance, Pranav Relan - Whole Time Director of NDR Auto Component said, "As we see automobile industry is back on track post COVID pandemic, we see huge growth opportunity for our business. We have started FY23 with strong performance in Q1FY23 and confident to grow exponentially in FY23 and thereafter. The capacity expansion and new product launches coming up from our new plants in Bengaluru and Gujarat would drive our future growth. New Client addition and entry into BIW will spurt our business growth going forward." NDR Auto Component Ltd (NACL), a flagship company of the Rohit Relan Group, was incorporated in March 2019 with a view to demerge the automobile seating business of Sharda Motor Industries Limited (SMIL). The Company is engaged in the business of manufacturing seating solutions like frames and trims to four wheelers and two wheelers vehicles. The management and the senior leadership team of the group have more than three decades of hands-on experience and expertise in this domain. The Company is supplying seating arrangements to Relan Group Company - Bharat Seats who is key supplier to the leading companies like Maruti Suzuki India Ltd, Suzuki Motorcycles, Toyota Boshoku, and Bellsonica. For FY22, the Company's consolidated total income was at Rs 240.25 crore and net profit at Rs 14.89 crore. This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)

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India , Bengaluru , Karnataka , New Delhi , Delhi , Bharat , Pranav Relan , Toyota Boshoku , Maruti Suzuki India Ltd , Auto Component Ltd , Sharda Motor Industries Limited , Rohit Relan Group , Relan Group Company , Financial Results , Total Revenues , Time Director , Component Ltd , Suzuki Motorcycles , New Delhi India , Ugust 10 Ani Pnn Ndr Auto Component , Ngaged In The Business Of Manufacturing Seating Solutions Like Frames And Trims To Four Wheelers Two Vehicles , As Announced Its Unaudited Financial Results For The Q1fy23 Consolidated Total Revenues At Rs 64 09 Crore Up By 40 46 Per Cent Ebitda 5 59 34 38 Pbt 4 95 73 68 Pat 12 11 Eps 6 81 Against 3 97 In Corresponding Quarter Commenting On Performance , Ranav Relan Whole Time Director Of Ndr Auto Component Said , Uot As We See Automobile Industry Is Back On Track Post Covid Pandemic , E See Huge Growth Opportunity For Our Business We Have Started Fy23 With Strong Performance In Q1fy23 And Confident To Grow Exponentially Thereafter The Capacity Expansion New Product Launches Coming Up From Plants Bengaluru Gujarat Would Drive Future Client Addition Entry Into Biw Will Spurt Going Forward Quot Ndr Auto Component Ltd Nacl , A Flagship Company Of The Rohit Relan Group , As Incorporated In March 2019 Witha View To Demerge The Automobile Seating Business Of Sharda Motor Industries Limited Smil Company Is Engaged Manufacturing Solutions Like Frames And Trims Four Wheelers Two Vehicles Management Senior Leadership Team Group Have More Than Three Decades Hands On Experience Expertise This Domain Supplying Arrangements Relan Bharat Seats Who Key Supplier Leading Companies Maruti Suzuki India Ltd , Nd Bellsonica For Fy22 , He Company 39s Consolidated Total Income Was At Rs 240 25 Crore And Net Profit 14 89 This Story Is Provided By Pnn Ani Will Not Be Responsible In Any Way For The Content Of Article ,

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