Atul Auto

Atul Auto is on good roads. A leading manufacturer of three-wheelers in Gujarat, the company posted a good set of numbers for Q4FY14. Higher realizations and stable sales helped turn in a 9% (YoY) rise in net sales at Rs.122 crore and net profit for the quarter came in at Rs.9 crore, up 12.5%. The company during the quarter sold 10.260 units, 6% more than Q4Fy14. EBITDA was at Rs.15 crore and margins came in at 12.29% v/s 10.71%. Tax outgo rose 27% during Q4FY15. The company ended FY15 with a net profit of Rs.40 crore, up 36%.

The company, during FY15 has grown at the rate of 13% in compare to industry growth of 6%. The market share has also been increased from 16.87% in FY14 to 17.95% in FY15. It is giving more impetus to exports and it had ended FY15 with a 150% growth in exports at 1464 vehicles v/s 585 in FY14. The company has begun the first month of current fiscal on a good note with sales in April’15 at 2,502 vehicles sold, up 4% (YoY), holding a promise of even better FY16. FII holding in the company has gone up sequentially, up from 3.28% in Q3 to 6.06% in Q4.