Talbros Automotive posted a very good performance for Q4FY21. Its total consolidated income rose 73% (YoY) to Rs.160 crore and net profit came in at a huge 428% jump at Rs.13 crore.
EBITDA was up 179% at Rs.25 crore while margins went up from 9.6% to 15.4%.
The company said that Marelli Talbros Chassis Systems Pvt. Ltd., its JV company has received multi-year order from a Large European Car Manufacturer. The order is for supplying BIW (Body in White design) parts.
The order supplies will begin in current Q1FY22 from the JV Company’s plant in Pune, Maharashtra. The annual order value is estimated at Rs. 14.4 crore. The order value is estimated at approximately Rs. 92 crore over the life of the contract. No major investments will be required to fulfil this order as the JV company has sufficient capacity.
The stock price has reacted positively to this news, with the stock opening over 19% higher at Rs.309.50 and going on to hit a new high at Rs.311.40, its 20% UC.