Amtek Auto quarterly net up on forex gains, volumes

Newswire

MUMBAI, July 31 (Reuters) - Amtek Auto Ltd. on Tuesday reported a 50 percent rise in consolidated net profit in April-June quarter helped by foreign exchange gains and expansion, a senior official said. The auto parts maker's profit at 1.09 billion rupees was higher than a Reuters poll estimate of 1.06 billion rupees. Consolidated sales, which rose 48 percent to 10.9 billion rupees, were also more than the analyst view of 10.6 billion rupees. However, sluggish domestic automobile sales ...

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