Atul Auto January volumes decline 11% yoy on a high base

The company sold 3,564 units in January 2019; down 11% yoy and 18% mom.

Feb 01, 2019 01:02 IST India Infoline News Service

Atul Auto
Leading three-wheeler (3W) company Atul Auto Ltd (AAL) reported a weak set of volumes for January 2019. It sold 3,564 vehicles in January 2019, down 11% yoy and 18% mom.

The company had sold 4,000 vehicles in January 2018 and 4,332 vehicles in December 2018. The decline in volume was on expected lines, given that it came on an extremely strong base of January 2018, wherein volume was up 70% yoy (up 38% qoq).

For the year to date (YTD FY19), AAL sold 41,331 vehicles against 35,120 vehicles in YTD FY18, implying growth of 18% yoy.

Atul Auto Ltd share price is currently at Rs307, up Rs0.1, or 0.03%, from its previous close of Rs306.90 on the BSE. The scrip opened at Rs305 and touched a high and low of Rs313 and Rs297.60, respectively. A total of 47,693 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs673.44cr.

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