Rico Auto profit soars 51 per cent

Rico Auto reported its results for the quarter ended September 30, 2018 on Friday. The company's consolidated revenue for the quarter came in at Rs. 361.22 crore as against Rs. 299.99 crore in the corresponding quarter last year, registering 20.4 per cent yoy increase.

The EBITDA for the quarter rose by 30.1 per cent yoy to Rs. 42.55 crore as against Rs. 32.7 crore in the corresponding quarter last year, with a corresponding margin expansion of 88 bps. EBITDA margin for the quarter stood at 11.8 per cent.

The PAT for the quarter came in at Rs. 18.08 crore as against Rs. 12.01 crore in the corresponding quarter last year, yoy increase of 51 per cent.

Rico Auto Industries is engaged in the manufacturing of clutch and crank cases.

On Friday, the stock of Rico Auto opened at Rs. 72.90 pef share and jumped by around 5 per cent. It made an intraday high of Rs. 76.15 on the BSE.