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Shares of Amtek Auto fell over 6 per cent today as the auto component maker suffered a consolidated net loss of Rs 987 crore for the year ended September 30, 2015 against a net profit of Rs 848.21 crore last year.
The stock plunged 5.62 per cent to Rs 40.30 on the BSE. On the NSE, shares of the company slipped 6.43 per cent to Rs 40.
The company’s total income stood at Rs 15,213.4 crore against Rs 15,706.6 crore a year ago, Amtek Auto had said in a BSE filing on Saturday.
For the quarter ended September, the firm reported a standalone net loss of Rs 158.62 crore against a net profit of Rs 74.37 crore in the same period of the previous fiscal.
Total income has narrowed to Rs 833.8 crore during the quarter under review from Rs 1,042.1 crore a year earlier.
Amtek Auto follows October-September financial year.
The Delhi-based company had defaulted on repayment of bonds worth Rs 800 crore in September, thus signalling a crisis.
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