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Atul Auto Reports 26% Increase In Q1 Sales

Atul Auto Ltd., a three wheeler manufacturing company in India with its manufacturing facility at Rajkot, Gujarat has been manufacturing different models in Passenger and Load carrier category. In the load category, they have customized vehicles for chicken carriers, soft drink carrier, tipper, mobile shop, water carrier, etc.

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Atul Auto

Atul Auto Ltd. a three wheeler manufacturing company, posted 18 % increase in profit after tax for the quarter that ended on June 30, 2012. It clocked a net profit of  Rs 387 against 329 lakhs for the same period last year. Net sales for the quarter grew 26% at Rs  7679 lakhs  as against Rs 6089 lakhs in the corresponding period last year.

Sales for  this quarter was 6841 units as against 5583 units that were sold in April to June quarter last year. The company had allotted 36,57,200 equity shares of Rs. 10 each fully paid as bonus shares in July, 2012 in the ratio of 1 share for every 2 shares held.   The company had also distributed dividend of 50% (Rs. 5 per share)  for the year 2011-12.

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