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India Motor Parts & Accessories, part of T S Santhanam Group (a faction of the larger TVS Group of Companies) and engaged in the distribution of automobile parts and accessories, has reported a 13 per cent increase in standalone profit after tax of ₹14.90 crore for the quarter ended December 31, 2023, compared with ₹13.18 crore in the year-ago quarter.
Its revenue from operations stood at ₹182 crore (₹185.96 crore).
The Board has declared an interim dividend of ₹9 per share (90 per cent) on the paid-up capital of ₹12.48 crore.
On a consolidated basis, its profit after tax grew 19 per cent to ₹15.19 crore (₹12.74 crore). Revenue from operations was lower at ₹186.38 crore (₹190.86 crore).
For the nine months ended December 31, 2023, the company’s standalone PAT was higher by 12 per cent at ₹53.19 crore (₹47.65 crore). Revenue from operations was higher at ₹549.69 crore (₹541.37 crore).
On a consolidated basis, the company’s PAT reported a 9 per cent increase at ₹54.10 crore (₹49.71 crore). Revenue was higher at ₹562.60 crore (₹556.08 crore).
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