Automotive Axles was locked at 20% upper limit at Rs 263.55 at 12:57 IST on BSE after the company posted 61.41% growth in net profit to Rs 19.35 crore in Q3 June 2008 over Q3 June 2007.
The company announced the results during trading hours today, 31 July 2008.
The stock hit a high of Rs 263.55 and a low of Rs 201.05 so far during the day. The stock had a 52-week high of Rs 670 on 28 December 2007 and a 52-week low of Rs 193.10 on 2 July 2008.
The company has an equity capital of Rs 15.11 crore. Face value per share is Rs 10.
The current price of Rs 263.55 discounts its Q2 March 2008 annualised EPS of Rs 38.09, by a PE multiple of 6.92.
Automotive Axles’ total income rose 54.86% to Rs 229.15 crore in Q3 June 2008 over Q3 June 2007.
The company manufactures all types of complete axles and axle assemblies including components and corresponding brake sets. It also manufactures automotive gears and air- and hydraulic-activated brake assemblies.
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