We reported a 29% revenue growth from sale of products (net of excise duty) of Rs. 14,788 million in FY 2017-18, compared to Rs. 11,453 million in FY 2016-17. Simultaneously, our EBIDTA increased 48% to Rs. 1,716 million in FY 2017-18 against Rs. 1,156 million in FY 2016-17. Our net profit grew by 70% to Rs. 839 million in FY 2017-18 against Rs. 494 million in the previous year and our Earnings Per Share (EPS) stood at Rs. 55.54 in FY 2017- 18, compared to Rs. 32.70 in FY 2016-17, a growth of 70%.
Automobile exports from India are on the rise. Low production costs and significant cost advantages are making India an attractive outsourcing hub, leading to domestic companies significantly increasing production capacities.
We upgraded our state-of-the-art manufacturing facilities with modern equipment and technologies such as Face-Hob Gear Cutting and Robotic Gear Quenching for enhanced productivity and energy conservation. We have implemented forward integration by incorporating Brake Setting and Oil Filling operations into our production, assembly and testing facilities. We have also planned to increase our axle capacity and brakes capacity to cater to the increasing demand of our customers.
The Indian automotive components industry has registered a CAGR of 14% over the last decade. The industry accounts for almost 7% of India’s GDP and employs as many as 19 million people. The OEMs dominate production volumes by market range with an encouraging exports figure of around 28%. The industry is highly fragmented as the number of manufacturing units in the unorganised sector is fairly higher than in the organised sector. However, the organised sector accounts for almost 85% of total industry turnover. India’s auto component aftermarket is expected to grow at 10.5% to touch US$ 13 billion by 2019-20.
The Company was established in 1981 as a joint venture between Kalyani Group and Meritor Inc., USA. It has manufacturing footprints across Mysuru, Rudrapur and Jamshedpur. Apart from India, it also has a strong presence in international markets.
Vision is to be a world-class quality manufacturer of axles, providing innovative solutions to customers at competitive price that enhance mobility, safety and environment and retain leadership.
We are confident of a sustainable future for the organisation owing to our strong team and robust processes. We are treading the path of innovation through digital transformations and constantly improvising to meet the dynamic needs of customers, efficiently. We are constantly calibrating our growth strategies with the objective of delivering value to all our stakeholders. We look forward to strengthening our technical expertise and we are increasing our focus on innovation to leverage our existing expertise and meet our organisational vision and goals
We have a wide auto components portfolio that includes drive axles, front steer axles, defence axles, off-highway axles, non-drive axles, light duty drive axles, suspension systems drum brake and disc brake, among others. We design efficient engineering modules or systems comprising high-efficiency gearing, integral brake to axle design, weight option designs and driver-operated differential locks.
Automotive Axles Limited (AAL) is the largest independent manufacturer of Rear Drive Axle Assemblies in India. It also manufactures S-Cam actuated quick change air brakes and trailer axles for 10 tonnes to 13 tonnes Gross Vehicle Weight (GVW).
We have a robust client base that includes companies like Ashok Leyland, Daimler India, Man Trucks, Mahindra & Mahindra, Tata Motors, Volvo Eicher and Asia Motor Works, among others. During FY 2017-18, we added Volvo Thailand to our esteemed client list by securing export order for solo and tandem axles and brakes. Besides, we are deepening our international footprint by enhancing our presence in the markets of China, USA, France, Italy, Brazil and so on.