Atul Auto on good roads

Atul Auto is on good roads today morning. The stock opened at Rs.429 and slipped to Rs.422 but from there, it has jumped up, going to an intra day high of Rs.461.50. It is currently at Rs.454.10, up 6%.

A leading manufacturer of three-wheelers in Gujarat, the company posted a good set of numbers for Q4FY14. Higher realisations 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%.