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11-Aug-2023

Igarashi Motors India

OP up 107.02%


'For the quarter ending June 2023, Standalone Net sales (including other operating income) of Igarashi Motors India has increased 17.98% to Rs 168.25 crore compared to quarter ended June 2022. Sales of Automotive segment has gone up 10.95% to Rs 136.36 crore (accounting for 81.04% of total sales).  Sales of non-Automotive segment has gone up 61.85% to Rs 31.89 crore (accounting for 18.96% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 69.10% to Rs 15.61 crore.  PBIT of Automotive segment rose 51.66% to Rs 16.23 crore (accounting for 103.99% of total PBIT).  PBIT of non-Automotive segment was negative Rs 0.62 crore compared to negative Rs 1.47 crore (accounting for -3.99% of total PBIT).  

PBIT margin of Automotive segment rose from 8.71% to 11.91%.  PBIT margin of non-Automotive segment rose from negative 7.47% to negative 1.95%.  Overall PBIT mar...



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