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Majestic Auto turns black in Q3

Majestic Auto has reported results for third quarter ended December 31, 2018.

The company has reported a net profit of Rs 17.79 crore for the quarter under review against net loss of Rs 3.93 crore for the same quarter in the previous year. Total income of the company reported 17-fold jump at Rs 27.95 crore for Q3FY19 as compared Rs 1.64 crore for the corresponding quarter previous year.

On the consolidated basis, the company reported a net profit of Rs 19.06 crore for the quarter under review against net loss of Rs 1.69 crore for the same quarter in the previous year. Total consolidated income of the company reported around 3-fold jump at Rs 36.49 crore for Q3FY19 as compared Rs 13.90 crore for the corresponding quarter previous year.

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