Automotive Stampings and Assemblies said its net loss for the quarter ended June 2016 has narrowed to Rs 29.99. During the quarter, the in the same quarter previous year.
Revenues for the quarter declined 12.87% to Rs 611.29 million, compared with Rs 701.56 million for the prior year period.
Total expenses as a percent of revenues decreased to 78.46 percent from 118.48 percent in the same period last year. This has led to an improvement of 4003 basis points in operating margin to 21.54 percent.
Operating margin for the quarter stood at positive 18.48 percent as compared to a negative 18.48 percent for the previous year period. Operating Income for the quarter was Rs 131.70 million, compared with an operating loss of Rs 129.68 million in the previous year period.
Earnings per share stood negative at Rs 1.89 compared with negative Rs 3.61 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 16 | Jun - 15 | %Change |
| Revenues | 611.29 | 701.56 | (12.87) |
| Net Profit | (29.99) | (56.27) | - |
| Diluted EPS | (1.89) | (3.61) | - |
Shares of the company declined Rs 0.6, or 1.02%, to trade at Rs 58.00. The total volume of shares traded was 20,941 at the BSE (3.31 p.m., Monday).
