Automotive Stampings and Assemblies  said its net loss for the quarter ended September 2016 has narrowed to Rs 44.44.  During the quarter, the in the same quarter last year.

Revenues for the quarter  rose 21.78% to Rs 881.63 million, compared with Rs 724 million for the prior year period.

Operating margin for the quarter stood at negative 7.05 percent as compared to a negative 22.81 percent for the previous year period.  Operating loss for the quarter was Rs 62.15 million, compared with an operating loss of Rs 165.11 million in the previous year period.

Earnings per share stood negative at Rs 2.80 compared with negative Rs 4.14 in the same quarter last year.

Quarterly Results - Standalone (Rs in mn)
As at	Sep - 16	Sep - 15	%Change
Revenues	881.63	723.95	21.78
Net Profit	(44.44)	(64.75)	-
Diluted EPS	(2.80)	(4.14)	-

Shares of the company gained Rs 1.55, or 2.48%, to settle  at  Rs 64.00.  The total volume of shares traded  was  2,351 at  the BSE (Friday).