'For the quarter ending June
2023, consolidated Net sales (including other operating income) of Hindustan Composites has increased 3.27% to Rs 75.7 crore compared to quarter ended June 2022. Sales of Composite Products segment has gone up 5.43% to Rs 59.77 crore (accounting for 78.96% of total sales). Sales of Investment segment has gone down 4.09% to Rs 15.93 crore (accounting for 21.04% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 7.26% to Rs 16.40 crore. PBIT of Composite Products segment rose 215.63% to Rs 4.04 crore (accounting for 24.63% of total PBIT). PBIT of Investment segment fell 11.78% to Rs 12.36 crore (accounting for 75.37% of total PBIT).
PBIT margin of Composite Products segment rose from 2.26% to 6.76%. PBIT margin of Investment segment fell from 84.35% to 77.59%. Overall PBIT margin rose from 20.86% to 21.66%. ...
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