Amtek Auto, engaged in automotive components manufacturing and commercial sales announced that it has posted a net loss of Rs. 157.76 crore for the third quarter ended June 30, 2015 as against a net profit of Rs. 86.08 crore for the third quarter ended June 30, 2014.
The net sales of the company which follows October-September financial year fell by 12.73 per cent to Rs. 854.22 crore during the period under review as against Rs. 978.8 crore in the year-ago quarter.
The finance cost of the company, engaged in forging, grey and ductile iron casting, gravity and high pressure aluminum die casting and machining and sub-assembly increased by 106.17 per cent to Rs. 236.54 crore in the quarter as compared to Rs. 114.73 crore in the same period previous fiscal.