Rico Auto Industries Limited Provides Earnings Guidance for the Fiscal Years 2016 and 2017
March 15, 2016 at 07:59 am EDT
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Rico Auto Industries Limited provided earnings guidance for the fiscal years 2016 and 2017. For the fiscal year 2016, the company expects net sales of INR 9,916 million, total income of INR 10,231 million, PBIDT of INR 1,088 million and PBT of INR 400 million.
For the fiscal year 2017, the company expects net sales of INR 10,852 million, total income of INR 11,199 million, PBIDT of INR 1,263 million and PBT of INR 530 million.
Rico Auto Industries Limited is an India-based engineering company. The Company is supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive original equipment manufacturers (OEMs) across the globe. The Companyâs integrated services include design, development, tooling, casting, machining and assembly of ferrous and aluminum products. The Companyâs products include oil pump assembly, lube oil filter heads, exhaust manifolds, turbine housings, center housings, backplates, oil pan, intake manifold covers, front cover, valve cover, side cover, balance shafts assembly, gear housing, steering knuckles, gear shifts forks, brake panel assembly, automatic transmission bracket assembly, main bearing caps, clutch assembly, turbine housings, cylinder head covers, flywheels, engine brackets and differential case housings. Its subsidiaries include Rico Auto Industries Inc., USA, and Rico Auto Industries (UK) Limited, U.K.
RICO AUTO INDUSTRIES LIMITED 