Munjal Auto Industries Q3 Result 2024: Date and Time, Share Price and Target

News: Munjal Auto Industries, a prominent player in the auto ancillary sector, is all set to announce its Quarter 3 (Q3) results for 2024. In this article, we’ll delve into the key details you need to know about this event.

Date and Time of Announcement

The eagerly awaited Q3 results of Munjal Auto Industries are scheduled to be unveiled on February 14, 2024. Mark your calendars and stay tuned for the latest updates!

Share Price Insights

As of the most recent data available, Munjal Auto Industries’ share price stands at Rs 98.90. Keep an eye on any fluctuations following the results announcement.

Performance Metrics

a. Return on Equity (ROE)

• In the fiscal year ending March 31, 2023, Munjal Auto Industries outperformed its 5-year average by achieving an impressive ROE of 14.6%. This indicates efficient utilization of shareholders’ equity.

b. Financial Expenses

• The company allocated 1.36% of its operating revenues toward interest expenses and 8.5% toward employee costs in the same period. Keeping an eye on these figures can provide insights into the company’s financial health.

Share Price Movement

• On February 13, 2024, Munjal Auto Industries’ share price witnessed a 0.59% increase from the previous closing price, reaching Rs 99.50. Stay informed about further developments.

Analyst Recommendations

• While specific recommendations for this stock are not available, it’s essential to track expert opinions and market sentiment.

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About Munjal Auto Industries :

Munjal Auto Industries Limited is a diversified engineering group with a strong presence in various manufacturing activities. Let’s explore more about this company:

Overview

• Incorporation Date: July 12, 1985
• Location: Baroda, Gujarat, India
• Classification: Public limited company
• Authorized Share Capital: ₹25.00 crores
• Total Paid-up Capital: ₹20.00 crores
• Operating Revenues (FY 2022-23): Over ₹500 crores
• EBITDA Growth (YoY): Increased by 20.41%
• Book Networth Growth (YoY): Increased by 16.72%

Business Activities

Munjal Auto Industries engages in manufacturing components and assemblies for various sectors, including:

• Automotive: Producing exhaust systems, steel wheel rims, and spoke wheel rims for two-wheelers and three-wheelers.
• Renewable Energy: Manufacturing windmill blades, molds, and other parts for wind energy.
• Aerospace, Defense, and Space: Providing critical components and assemblies.
• Railways and Other Engineering Sectors: Catering to diverse engineering needs.

Hero Group Affiliation

• Munjal Auto Industries is part of the Hero Group, which includes flagship companies like Hero Motocorp Ltd.
• The Satyanand Munjal family holds nearly 75% of the company’s total share capital.

Investors and enthusiasts alike eagerly await Munjal Auto Industries’ Q3 results. Keep an eye on the stock market and stay informed about this significant event. Remember, investing decisions should always be based on thorough research and analysis.

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