'For
the quarter ending Dec 2023, standalone Net sales (including other operating income) of Automotive Axles has declined 17.45% to Rs 541.33 crore compared to quarter ended Dec 2022. Operating profit margin has declined from 11.86% to 10.70%, leading to 25.55% decline in operating profit to Rs 57.90 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 71.97% to 71.02%. Employee cost increased from 4.93% to 6.32%. Other expenses rose from 11.30% to 12.01%. Other income up 217.04% to Rs 4.28 crore. PBIDT fell 21.41% to Rs 62.18 crore. Provision for interest fell 25.93% to Rs 0.6 crore.
PBDT fell 21.36% to Rs 61.58 crore. Provision for depreciation down 13.50% to Rs 8.97 crore.
Profit before tax down 22.56% to Rs 52.61 crore. Provision for tax was expense of Rs 13.46 crore, compared to Rs 17.26 crore....
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