Atul Auto Q1 2012-13 PAT up 18%, net sales up 26%

AHMEDABAD: Three-wheeler manufacturer Atul Auto Ltd. posted 18% increase in profit after tax in Q1 2012-13 and 26% growth in net sales.

The auto company clocked a net profit of Rs 387against 329 lakhs for the same period last year and net sales at Rs 7679 lakhs as against Rs 6089 lakhs in the corresponding period last year.

Despite general slowdown in the economy, we continued to witness a significant increase in the demand for Atul Auto products, said Vijay Kedia, Director, Atul Auto Ltd.

Q1 sales stood at 6841 units as against 5583 units sold in April-June 2011-12.