'Standalone net sales
(including other operating income) of ABB India for the quarter ended Jun 2023
has increased 22.22% to Rs 2,508.63 crore. Operating profit margin has
jumped from 9.68% to 13.90%, leading to 75.45% rise in operating profit to Rs
348.72 crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 53.30% to 54.00%. Purchase of finished
goods cost fell from 8.33% to 7.64%. Employee cost decreased from
6.99% to 6.57%. Other expenses fell from 21.84% to 18.14%.
Contract job process charges fell from 2.72% to 2.50%.
Other income up 196.21% to Rs 75.03 crore. PBIDT rose 89.10%
to Rs 423.75 crore. Provision for interest fell 50.88% to Rs 1.39
crore. PBDT rose 90.89% to Rs 422.36 crore. Provision
for depreciation rose 15.35% to Rs 29.23 crore. Profit before tax
grew 100.66% to Rs 393.13 crore. Provision f...
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