Ndr Auto Components Limited — Important, 11-02-2025: Agreements

The Board of Directors of NDR Auto Components Limited has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. Total income reached ₹17,622.12 crores, showing a 25.97% increase year-on-year, primarily driven by a revenue from operations of ₹17,520.35 crores. The company reported a profit for the period of ₹1,129.81 crores, marking a significant rise compared to ₹681.26 crores in the same quarter last year.

In strategic developments, the board appointed Mr. Vikram Krishan Rathi as Chief Financial Officer effective April 1, 2025. The company also greenlit a project for manufacturing seat insert fabric for four-wheelers, with an investment of approximately ₹21.89 crores, executed through a new wholly-owned subsidiary to be established within the next two months. A memorandum of understanding has been signed with Toyota Tsusho India Pvt. Ltd. for technical assistance, positioning NDR Auto to boost its manufacturing capabilities domestically and reduce dependency on imports. The outlook appears positive as these initiatives align with the company's growth strategy.