Atul Auto Q2 Results: Stock jumps 9% after strong operating performance, revenue growth

Shares of commercial vehicles manufacturer Atul Auto Ltd. surged as much as 9% on Tuesday, November 11, in response to its September quarter results.

The company's net profit increased by 70.4% to ₹9.2 crore from ₹5.4 crore it reported during the same quarter last year.

Revenue for the quarter saw a growth of 10.2% from the year-ago period to ₹200 crore from ₹181 crore.

Earnings Before Interest, Tax, Depreciation and Amortisation saw a growth of 50.4% from the year-ago quarter to ₹18.8 crore, while margins expanded by 250 basis points to 9.4% from 6.9% in the base quarter.

For the month of October, Atul Auto sold 5% more vehicles to 4,012 units from 3,818 units last year. Domestic sales grew by 7.6% from the last year's quarter.

On a year-to-date basis, Atul Auto's total volumes are also up 5% to 20,190 units.

Shares of Atul Auto are trading 8.5% higher at ₹483.6 after the results announcement. The stock is still down 15.4% on a year-on-year basis.