Talbros Automotive Components announced that the 67th Annual General Meeting(AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live News

Talbros Automotive Components announced that the Board of Directors of the Company at its meeting held on 22 May 2024, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Talbros Automotive Components rose 194.96% to Rs 49.79 crore in the quarter ended March 2024 as against Rs 16.88 crore during the previous quarter ended March 2023. Sales rose 15.85% to Rs 202.68 crore in the quarter ended March 2024 as against Rs 174.95 crore during the previous quarter ended March 2023.For the full year,net profit rose 97.88% to Rs 109.98 crore in the year ended March 2024 as against Rs 55.58 crore during the previous year ended March 2023. Sales rose 20.26% to Rs 778.27 crore in the year ended March 2024 as against Rs 647.18 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales202.68174.95 16 778.27647.18 20 OPM %15.1414.24 -14.7313.49 - PBDT36.3827.27 33 130.1594.01 38 PBT28.6621.42 34 104.2470.29 48 NP49.7916.88 195 109.9855.58 98 Powered by Capital Market - Live News

Talbros Automotive Components will hold a meeting of the Board of Directors of the Company on 22 May 2024Powered by Capital Market - Live News

Talbros Automotive Components announced order win from a large European OEM for a multi-year contract valued at approximately Rs. 1,000 crore. These orders are to be executed over a period of next 8 years commencing from Q4FY25. The Order win is by TACL`s Joint Venture Company, Marelli Talbros Chassis Systems (MTCS). This order is centered on the supply of Suspension Arms tailored for both conventional Internal Combustion Engine (ICE) vehicles and new age Electric Vehicle (EV) platforms for EMEA and NAFTA regions. The production for the same would be done from the Pune plant of MTCS for which a capex investment of ~Rs. 65 crore is envisaged in FY25. The investments would be done through internal accruals and debt. This order adds a new customer for TACL group in Europe, which is a highly specialized market for automotive components. This will further improve the market share in Europe and open new avenues of growth with existing and new OEMs in the region. Last year, the Company received orders to the tune of ~�Rs 980 crore across varied products segments in standalone and JV company. Amongst these, orders worth ~Rs. 475 crores were for supply for EV segment. Furthermore, orders worth ~ Rs. 415 crore were related to exports. Coupled with order wins in FY24, TACL anticipates continued momentum in business and profitabilityPowered by Capital Market - Live News