'Standalone net sales (including other operating income) of International Combustion (India) has declined 13.47% to Rs 59.53 crore. Operating profit margin has declined from 15.99% to 8.10%, leading to 56.18% decline in operating profit to Rs 4.82 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 51.61% to 52.91%. Employee cost increased from 17.99% to 22.10%. Other expenses rose from 14.36% to 17.41%. Other income up 6.25% to Rs 0.34 crore. PBIDT fell 54.42% to Rs 5.16 crore. Provision for interest up 86.90% to Rs 1.57 crore. PBDT fell 65.74% to Rs 3.59 crore. Provision for depreciation rose 35.78% to Rs 1.48 crore. Profit before tax down 77.53% to Rs 2.11 crore. Provision for tax was expense of Rs 0.34 crore, compared to Rs 3.67 crore. Effective tax rate was 16.11% compared to 39.08%. Profit after tax fell 69.06% to Rs 1.77 crore.&n...
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