Auto Parts Makers in India Show Strong Quarterly Results

Mukesh Buch
11 Nov, 2014
New York City

Amara Raja quarterly net rose 6%. Apollo Tyres net jumped 18%. Bosch net and revenues surged. Eveready net profit soared more than four-fold on 11% increase in revenues. Godrej and IFCI revenues climbed. Jain Irrigation quarterly loss narrowed. Kalpataru Power net climbed 38%.

[R]6:00 PM Mumbai – Amara Raja quarterly net rose 6%. Apollo Tyres net jumped 18%. Bosch net and revenues surged. Eveready net profit soared more than four-fold on 11% increase in revenues. Godrej and IFCI revenues climbed. Jain Irrigation quarterly loss narrowed. Kalpataru Power net climbed 38%.[/R]

The Sensex Index rose 35.33 to close at 27,910.06. The CNX Nifty increased 18.40 to 8,362.65.

Gainers & Losers

Amara Raja Batteries Limited jumped 1.2% to Rs 703.65 and the storage batteries maker announced net in the second-quarter advanced 6.1% to Rs 100.30 crore and revenues surged 31.5% to Rs 1,071.17 crore.

Apollo Tyres Ltd, the largest tyre maker dropped 1.3% to Rs 232.90 after net in the second-quarter climbed 17.5% to Rs 257.94 crore and net revenues added 3.5% to Rs 3,315.24 crore.

Bosch Limited, the consumer goods provider increased 1% to Rs 15,565 and the net in the third-quarter soared 30.8% to Rs 306.36 crore and revenues climbed 19.8% to Rs 2,676.43 crore.

Eveready Industries India Limited gained 1.7% to Rs 148.20 and the maker of lighting products said net in the second-quarter surged 376.8% to Rs 17.64 crore and total revenues advanced 11% to Rs 354.80 crore.

Godrej Industries Limited slipped 1.4% to Rs 297.50 and the consumer goods maker said net in the second-quarter rose 1.7% to Rs 95.16 crore and net revenues advanced 11.9% to Rs 2,330.24 crore.

IFCI Limited rose 0.4% to Rs 39.10 after the financial service provider reported net in the second-quarter climbed 23.9% to Rs 173.79 crore and net revenues jumped 15.5% to Rs 874.33 crore.

Jain Irrigation Systems Limited, the irrigation system provider soared 7.6% to Rs 87.55 after net loss in the second-quarter narrowed to Rs 23.59 crore compared to Rs 80.70 crore a year ago period and total revenues increased 4.5% to Rs 1,279.87 crore.

Kalpataru Power Transmission Limited gained 1.4% to Rs 168.65 and the infrastructure development operator said net in the second-quarter surged 37.7% to Rs 427 crore and net sales climbed 18.9% to Rs 1,123.55 crore.