JTEKT India's Board Appoints Directors

The Board of JTEKT India has discussed at its meeting held on 26 May 2021 that it has approved the appointment of Atul Jaggi as an additional Director, designated as Deputy Managing Director (Key Managerial Personnel) of the Company for the period of 5 years with the effect from 26 May 2021. The Board has also named Pallavi Joshi Bakhru as an Additional Director of the Company with the effect from 26 May 2021.

JTEKT India’s sales rose 28.62 percent to 476.82 crore. Howevre, the net profit of JTEKT India rose 243.02 percent to 23.84 crore in the quarter ended March 2021 as against 6.95 crore during the previous quarter ended March 2020. Sales rose 28.62 percent to 476.82 crore in the quarter ended March 2021 as against 370.73 crore during the previous quarter ended March 2020.

For the full year, net profit declined 55.22 percent to 12.32 crore in the year ended March 2021 as against Rs 27.51 crore during the previous year ended March 2020. Sales declined 11.80% to Rs 1350.20 crore in the year ended March 2021 as against Rs1530.90 crore during the previous year ended March 2020.

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