July – September 2024 (3rd Quarter)
·
Revenue from operations (net) for the quarter (Q3’24) was INR 20,728 million, 12.1% higher than
the corresponding quarter of 2023 and 0.04% higher than preceding
quarter (Q2’24)
·
PBT (before exceptional items) for the quarter (Q3’24) was INR 3,332 million, 5.5% higher than
the corresponding quarter of 2023. PBT margin for the quarter stood at 16.1%,
compared to 17.1% during the corresponding quarter of 2023 and 16.4%
during the preceeding quarter
·
Net Profit for the quarter was INR 2,471 million and
net profit margin stood at 11.9%
January – September 2024 (Nine Months)
·
Revenue from operations (net) for the nine months period was
INR 59,940 million, higher by 11.6% than the corresponding period of 2023
·
PBT (before exceptional items) for the nine months period was
INR 9,787 million, higher by 5.5% than the corresponding period
of 2023. PBT margin for the nine months stood at 16.3%, compared to 17.3%
during the corresponding period of 2023
· Net profit for the nine months period was INR 7,283 million and net profit margin stood at 12.2% compared to 12.9% during the corresponding period of 2023.
Commenting on the results, Mr. Harsha
Kadam, Managing Director and Chief Executive Officer, said, “ Our domestic business continued its growth
momentum as we progressed into second half of the year. Despite a challenging
market environment, the Automotive Technologies and Bearings & Industrial
Solutions business showed an upward trend. The sustained quality of earnings
reflects our constant focus on cost management and realization of financial and
operating margins. As we navigate the external landscape, we remain committed
to growth, profitability, and value creation.“
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