'For the quarter ending Dec 2023, standalone Net sales (including other operating income) of Igarashi Motors India has increased 4.05% to Rs 173.75 crore compared to quarter ended Dec 2022.  Sales of Automotive segment has gone down 3.70% to Rs 143.92 crore (accounting for 82.83% of total sales).  Sales of non-Automotive segment has gone up 70.22% to Rs 29.84 crore (accounting for 17.17% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 7.19% to Rs 19.74 crore.  PBIT of Automotive segment fell 17.71% to Rs 19.19 crore (accounting for 97.23% of total PBIT).  PBIT of non-Automotive reported profit of Rs 0.55 crore compared to loss of Rs 2.05 crore.  

PBIT margin of Automotive segment fell from 15.61% to 13.34%.  PBIT margin of non-Automotive segment rose from negative 11.71% to 1.83%.  Overall PBIT margin fell from 12.74% to 11.36%.  

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