Shivam Autotech reports net profit of Rs. 1.2 crore

Shivam Autotech standalone revenue for the quarter came in at Rs. 162.1 crore, registering 12.5 per cent yoy increase.

EBITDA for the quarter rose by 7.3 per cent yoy to Rs. 24.9 crore with a corresponding margin contraction of 74 bps. EBITDA margin for the quarter stood at 15.3 per cent. The PAT for the quarter came in at Rs. 1.2 crore, yoy decline of 78.7 per cent. This was due to high base of Q2FY18 where the company got tax credit of around Rs. 3.52 crore.

The stock of Shivam Autotech opened today at Rs. 48.15 and touched intraday high of Rs. 50.40 per share. During Monday’s entire trading session the stock remained flat and closed at Rs. 49 apiece as against previous close of Rs. 48.90.

Shivam Autotech is a manufacturer of transmission gears and shafts in India. The company operates through the motor cycle parts segment. The company manufactures a range of auto components and accessories that primarily include transmission gears, transmission shafts, alternator components, starter motor components, magneto components and steering components, which are being produced through cold, warm and hot forging employing near net shape technology.