'Net sales (including other operating income) of Honda India Power Products for the quarter ended Sep 2023 has declined 27.79% to Rs 284.57 crore. Operating profit margin has declined from 14.30% to 12.38%, leading to 37.48% decline in operating profit to Rs 35.23 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 48.46% to 50.26%. Purchase of finished goods cost rose from 7.69% to 8.30%. Employee cost increased from 8.29% to 11.57%. Other expenses fell from 20.60% to 16.45%. Other income up 114.95% to Rs 11.93 crore. PBIDT fell 23.81% to Rs 47.16 crore. Provision for interest remained nil. PBDT fell 23.83% to Rs 47.11 crore. Provision for depreciation down 0.20% to Rs 4.98 crore. Profit before tax down 25.91% to Rs 42.13 crore. Provision for tax was expense of Rs 10.94 crore, compared to Rs 14.44 crore. Effective tax r...
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