'For
the quarter ending Dec 2023, Consolidated Net sales (including other operating income) of Fiem Industries has increased 10.22% to Rs 487.27 crore compared to quarter ended Dec 2022. Sales of Automotive segment has gone up 10.37% to Rs 485.47 crore (accounting for 99.63% of total sales). Sales of Others segment has gone down 17.89% to Rs 1.81 crore (accounting for 0.37% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 20.18% to Rs 58.24 crore. PBIT of Automotive segment rose 19.92% to Rs 58.31 crore (accounting for 100.11% of total PBIT). PBIT of Others segment rose 60.23% to Rs -0.06 crore (accounting for -0.11% of total PBIT).
PBIT margin of Automotive segment rose from 11.05% to 12.01%. PBIT margin of Others segment rose from negative 7.23% to negative 3.50%. Overall PBIT margin rose from 10.96% to 11.95%.
Operating prof...
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