'For quarter ending June 2024, consolidated Net sales (including other operating income) of Fiem Industries has increased 21.72% to Rs 577.71 crore compared to quarter ended June 2023. Sales of Automotive segment has gone up 21.68% to Rs 575.54 crore (accounting for 99.63% of total sales). Sales of Others segment has gone up 33.83% to Rs 2.16 crore (accounting for 0.37% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 39.58% to Rs 72.36 crore. PBIT of Automotive segment rose 39.47% to Rs 72.40 crore (accounting for 100.05% of total PBIT). PBIT of Others segment rose 39.85% to Rs -0.04 crore (accounting for -0.05% of total PBIT).
PBIT margin of Automotive segment rose from 10.97% to 12.58%. PBIT margin of Others segment rose from negative 4.06% to negative 1.82%. Overall PBIT margin rose from 10.92% to 12.53%.
Operating profit m...
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