'Timken
India standalone net sales increased 49.45% to Rs 699.20 crore in Q1FY23
compared to Q1FY22.
Operating
profit margin has jumped from 19.83% to 24.54%, leading to 84.99% rise in
operating profit to Rs 171.60 crore.
Raw
material cost as a % of total sales (net of stock adjustments) increased from
31.17% to 31.57%. Purchase of finished
goods cost fell from 28.23% to 23.42%.
Employee cost decreased from 6.77% to 5.58%. Other expenses fell from 15.76% to
15.32%.
Other
income up 268.06% to Rs 10.6 crore.
PBIDT rose 90.51% to Rs 182.2 crore.
Provision for interest remained nil.
PBDT
rose 90.89% to Rs 181.8 crore.
Provision
for depreciation rose 9.66% to Rs 21.8 cr...
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