'For quarter ended March 2024, consolidated Net sales (including other operating income) of CIE Automotive India has declined 0.55% to Rs 2426.8 crore compared to quarter ended March 2023. Sales of India segment has gone up 2.67% to Rs 1,507.52 crore (accounting for 62.10% of total sales). Sales of Europe segment has gone down 40.74% to Rs 920.15 crore (accounting for 37.90% of total sales). Inter-segment sales came down from Rs 23.50 crore to Rs 0.87 crore. Profit before interest, tax and other unallocable items (PBIT) has slumped 16.58% to Rs 326.35 crore. PBIT of India segment rose 23.73% to Rs 212.98 crore (accounting for 65.26% of total PBIT). PBIT of Europe segment fell 48.25% to Rs 113.38 crore (accounting for 34.74% of total PBIT).
PBIT margin of India segment rose from 11.72% to 14.13%. PBIT margin of Europe segment fell from 14.11% to 12.32%. Overall PBIT margin ...
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