'For
the quarter ending March 2024, consolidated net sales (including other operating income) of Fiem Industries has increased 27.80% to Rs 557.52 crore compared to quarter ended March 2023. Sales of Automotive segment has gone up 27.57% to Rs 554.61 crore (accounting for 99.48% of total sales). Sales of Others segment has gone up 92.89% to Rs 2.91 crore (accounting for 0.52% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 34.11% to Rs 69.87 crore. PBIT of Automotive segment rose 33.79% to Rs 69.91 crore (accounting for 100.06% of total PBIT). PBIT of Others segment rose 72.46% to Rs -0.04 crore (accounting for -0.06% of total PBIT).
PBIT margin of Automotive segment rose from 12.02% to 12.61%. PBIT margin of Others segment rose from negative 10.20% to negative 1.46%. Overall PBIT margin rose from 11.94% to 12.53%.
Operating ...
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