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Amtek Auto Q2 net loss widens to Rs 92.24 cr

Total revenue of the company declined to Rs 194.24 crore as compared to Rs 300.84 crore in the year-ago period, Amtek Auto said in a regulatory filing.

November 21, 2019 / 10:40 PM IST
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Debt-ridden auto component maker Amtek Auto on November 21 reported widening of its net loss to Rs 92.24 crore for the second quarter ended September 30, 2019. The company had posted a net loss of Rs 67.25 crore for the July-September period of 2018-19.

Total revenue of the company declined to Rs 194.24 crore as compared to Rs 300.84 crore in the year-ago period, Amtek Auto said in a regulatory filing.

In July 2017, the company went into corporate insolvency resolution process after the National Company Law Tribunal (NCLT), Chandigarh admitted a plea of Corporation Bank.

The tribunal appointed Dinkar T Venkatasubramanian as Interim Resolution Professional (IRP) to manage the company's operations.

Trading of Amkek Auto's stock on the BSE has been suspended for "penal reasons", BSE said without giving details.
PTI
first published: Nov 21, 2019 10:39 pm

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