'For the quarter ending March 2024, standalone net sales (including other operating income) of Automotive Axles has declined 17.53% to Rs 571.52 crore compared to quarter ended March 2023.  Operating profit margin has declined from 11.22% to 11.15%, leading to 18.02% decline in operating profit to Rs 63.72 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 72.09% to 70.63%.   Employee cost increased from 4.94% to 5.98%.   Other expenses rose from 11.58% to 12.01%.   

Other income up 315.50% to Rs 5.36 crore.  PBIDT fell 12.58% to Rs 69.08 crore.  Provision for interest up 45.16% to Rs 0.9 crore.  Loan funds declined from Rs 28.06 crore as of 31 March 2023 to Rs 21.78 crore as of 31 March 2024.  Inventories rose to Rs 250.23 crore as of 31 March 2024 from Rs 230.71 crore as of 31 March 2023.  Sundry debtors were lower at Rs 364.50 crore as o...

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  (11-May-2025)

  ABB India

  Sales up 3%, net up 3%
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  (10-May-2025)

  Dr Reddys Laboratories

  NP surged 21.64%
• 

  (10-May-2025)

  Bank of India

  Healthy loan growth, other income jumps boosting bottom-line
• 

  (10-May-2025)

  Voltas

  Net jumps 107% driven by unitary cooling products