Revenue was, however, largely in line with estimates at ₹3,080 crore (up 28 per cent Y-o-Y and up 12 per cent Q-o-Q). The growth was across electrification (30 per cent Y-o-Y), process automation (73 per cent Y-o-Y) and robotics & motion (8 per cent Y-o-Y).
The gross margin at 40.2 per cent saw a healthy 390 basis points Y-o-Y (270 basis points Q-o-Q) expansion, led by better product mix, improved pricing power, higher share of services and exports, more localisation, and cost control. Employee costs moved up due to salary revisions and headcount increase. Other expenses as a percentage of sales were lower due to better operating leverage and a one-time tax refund.
Overall share of services rose to 16 per cent from 13 per cent in Q1CY23.
The operating profit margin was at record levels of 18.3 per cent (650 basis points higher Yo-Y and 320 basis points Q-o-Q).
Diese Geschichte stammt aus der May 14, 2024-Ausgabe von Business Standard.
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