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Talbros Q3 Net Profit Rises 144% At Rs 10.6 Crore

Talbros Q3 net profit rises 144% at Rs 10.6 crore
Total Income from operations rose 35.6 per cent to Rs 132.1 crore in the third quarter of financial year 2020-21 as compared to Rs 97.4 crore revenue in October-December period of the previous fiscal year.
PTI
Representative image
Auto component maker Talbros on Friday reported a whopping 144 per cent jump in consolidated net profit at Rs 10.6 crore for the quarter ended in December.
The company had posted a net profit of Rs 4.3 crore in the third quarter of the financial year 2019-20, Talbros Automotive Components Ltd (TACL) said in a release. Total Income from operations rose 35.6 per cent to Rs 132.1 crore in the third quarter of financial year 2020-21 as compared to Rs 97.4 crore revenue in October-December period of the previous fiscal year. ....

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Talbros Automotive Components Limited's JV Wins multi-year order for supplies of BIW parts to a large European Car Manufacturer

Talbros Automotive Components Limited s JV Wins multi-year order for supplies of BIW parts to a large European Car Manufacturer
Posted On:
2021-01-13 07:21:16
(Time Zone: Arizona, USA)
Marelli Talbros Chassis Systems Pvt. Ltd., the 50% JV company of Talbros Automotive Components Limited today announced that it has received multi-year order from a Large European Car Manufacturer. The Order is for supplying BIW (Body in White design) parts.
The order supplies will begin in Q1FY22 from the JV Company s plant in Pune, Maharashtra. The annual order value is estimated at Rs. 14.4 crores. The order value is estimated at approximately Rs. 92 crores over the life of the contract. No major investments will be required to fulfil this order as the JV Company has sufficient capacity. ....

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Barometers hit day's high; broader market trades firm

The equity barometers extended gains and hit fresh intraday high in afternoon trade. Realty, auto and metal shares advanced while pharma and FMCG shares declined. At 13:20 IST, the barometer index, the S&P BSE Sensex, jumped 174.08 points or 0.35% at 49,443.40. The Nifty 50 index gained 60.70 points or 0.42% at 14,545.45.
The broader market outperformed the benchmarks. The S&P BSE Mid-Cap index rose 0.69%. The S&P BSE Small-Cap index added 0.48%.
Buyers outpaced sellers. On the BSE, 1647 shares rose and 1282 shares fell. A total of 166 shares were unchanged. In Nifty 50 index, 30 stocks advanced while 20 stocks declined.
Foreign portfolio investors (FPIs) bought shares worth Rs 3,138.90 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 2,610.13 crore in the Indian equity market on 11 January 2021, provisional data showed. ....

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