Amtek doubles operating revenue in the second quarter

On August 11, 2011, according to Reuters news, parts supplier Amtek Auto Ltd (AMTK.NS) disclosed that the company’s net profit in the second quarter was as high as 1.78 billion rupees, compared with 799.4 crores in the same period last year.

Santosh Singhi, Amtek's chief financial officer, revealed that the company's second-quarter sales increased from 9.94 billion rupees in the first quarter to 16.93 billion rupees.

Amtek Auto is the flagship company of Amtek Group (built in 1985) in India. Its main products are various iron/gravity/aluminum castings, forgings, flywheels with ring gears, etc. Its crankshaft products are leading in India. . Amtek Auto's production bases, in addition to its own, are the United States, the United Kingdom, and Germany, and its production bases in these three countries have been achieved step by step through "multiple, small amount" mergers and acquisitions.

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