'For
the quarter ending March 2024, consolidated Net sales (including other operating income) of Hindustan Composites has increased 0.76% to Rs 78.57 crore compared to quarter ended March 2023. Sales of Composite Products segment has gone up 3.12% to Rs 67.17 crore (accounting for 85.49% of total sales). Sales of Investment segment has gone down 11.21% to Rs 11.40 crore (accounting for 14.51% of total sales). Profit before interest, tax and other unallocable items (PBIT) has slumped 5.46% to Rs 13.69 crore. PBIT of Composite Products segment rose 13.72% to Rs 5.72 crore (accounting for 41.78% of total PBIT). PBIT of Investment segment fell 15.66% to Rs 7.97 crore (accounting for 58.22% of total PBIT).
PBIT margin of Composite Products segment rose from 7.72% to 8.52%. PBIT margin of Investment segment fell from 73.60% to 69.91%. Overall PBIT margin fell from 18.57% to 17.42%.&n...
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