Order inflow was at ₹3,340 crore, up 11 per cent Y-o-Y but down 3 per cent quarter-on-quarter (Q-o-Q), taking the order book to ₹10,000 crore. Gross margin was 43.4 per cent, up 670 basis points (bps) Y-o-Y. The operating profit margin was 18.6 per cent, up 271 bps and down 61 bps Q-o-Q, around the level of expectation.
Some large orders were postponed and government capex has seen delays.
The robotics and motion business revenue stood at ₹1,080 crore (up 10 per cent Y-o-Y, below expectations).
The electrification products business was at ₹1,150 crore (up 11 per cent Y-o-Y, marginally below expectations and process automation was at ₹600 crore (down 12 per cent Y-o-Y).
This story is from the November 07, 2024 edition of Business Standard.
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This story is from the November 07, 2024 edition of Business Standard.
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