'For the quarter ending March 2024, Standalone net sales (including other operating income) of Igarashi Motors India has increased 18.31% to Rs 204.60 crore compared to quarter ended March 2023. Sales of Automotive segment has gone up 4.72% to Rs 160.01 crore (accounting for 78.21% of total sales).  Sales of non-Automotive segment has gone up 121.54% to Rs 44.59 crore (accounting for 21.79% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 6.64% to Rs 25.26 crore.  PBIT of Automotive segment fell 8.07% to Rs 25.16 crore (accounting for 99.58% of total PBIT).  PBIT of non-Automotive reported profit of Rs 0.11 crore compared to loss of Rs 0.30 crore.  

PBIT margin of Automotive segment fell from 17.91% to 15.72%.  PBIT margin of non-Automotive segment rose from negative 1.51% to 0.24%.  Overall PBIT margin fell from 15.65% to 12.35%.  

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