Talbros Automotive Components Limited - Q3 FY21 Business Update

Talbros Automotive Components Limited has provided updates on key business parameters of the Company for the quarter ended December 31, 2020:

- The growth momentum continues in overall performance of the company for the fiscal FY20-21

- The forging business continues to outperform all other segments. The segment achieved ~45% Revenue growth on Y-o-Y basis

- The gaskets business achieved Revenue growth of over 25% on Y-o-Y basis.

All the Joint Venture companies have reported positive revenue growth:

- Nippon Leakless Talbros Pvt Ltd. reported double-digit Revenue growth on YoY basis

- Magneti Mareli Talbros Chassis Systems Pvt Ltd. reported mid-single digit Revenue growth on YoY basis

- Talbros Marugo Rubber Pvt Ltd. reported lower-single digit Revenue growth on YoY basis

- During Q3FY21, the Company entered in a Technical Assistance Agreement (TAA) with its Japanese partner 'Sanwa Packing Industry Co. Ltd.' for Light Weight Aluminium Heat Shields. The above information is subject to a limited review by the Management Team. The Company will continue to provide the above update at the end of every quarter for the current financial year.

Shares of TALBROS AUTOMOTIVE COMPONENTS LTD. was last trading in BSE at Rs.151.95 as compared to the previous close of Rs. 149.8. The total number of shares traded during the day was 11813 in over 689 trades.

The stock hit an intraday high of Rs. 157 and intraday low of 148.65. The net turnover during the day was Rs. 1804462.

Source : Equity Bulls

Keywords