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Shivam Autotech reports 79% fall in Q2 net profit

Shivam Autotech reports 79% fall in Q2 net profit

Shivam Autotech has reported results for second quarter ended September 30, 2018.

The company has reported 78.76% fall in its net profit at Rs 1.20 crore for the quarter under review as compared to Rs 5.65 crore for the same quarter in the previous year. However, total income of the company increased by 12.25% at Rs 162.42 crore for Q2FY19 as compared Rs 144.69 crore for the corresponding quarter previous year.

Shivam Autotech is engaged in the manufacture of several different kinds of gears Spline Shafts.