Automotive Axles Ltd 2023 AR2
The report highlights Automotive Axles Limited's strong financial performance in FY 2022-23, with total revenue increasing by 56% to INR 23,286.20 million and profit after tax rising by 118% to INR 1,620.29 million. The company made strategic investments in CNC equipment and Industry 4.0 technology to enhance manufacturing efficiency. On the sustainability front, the company stepped up its ESG initiatives, focusing on water conservation, carbon emission control, and waste management, with a target to achieve excellence in sustainability by 2028. Additionally, Cummins Inc. completed an open offer to acquire 26% of the company's voting share capital.
Company: Automotive Axles Ltd
Sector: Consumer Discretionary
Country: India
Year: 2023
Type: AR2
Pages: 158
Automotive Axles Ltd
Annual Report
The report highlights Automotive Axles Limited's strong financial performance in FY 2022-23, with total revenue increasing by 56% to INR 23,286.20 million and profit after tax rising by 118% to INR 1,620.29 million. The company made strategic investments in CNC equipment and Industry 4.0 technology to enhance manufacturing efficiency. On the sustainability front, the company stepped up its ESG initiatives, focusing on water conservation, carbon emission control, and waste management, with a target to achieve excellence in sustainability by 2028. Additionally, Cummins Inc. completed an open offer to acquire 26% of the company's voting share capital.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2023
Reporting Period
Apr 1, 2022 - Mar 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees