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Pix Transmission Ltd Q1FY24; 11% fall in Profits

PIX Transmissions Ltd. is the leading manufacturer of Belts and related mechanical Power Transmission products in India. The Company features state-of-the-art Belt manufacturing units as well as an ultra-sophisticated, automated Rubber Mixing facility.

Financial Results:

Pix Transmission Ltd reported Revenues for Q1FY24 of ₹112.00 Crores down from ₹120.00 Crore year on year, a fall of 6.67%.

Total Expenses for Q1FY24 of ₹94.00 Crores down from ₹103.00 Crores year on year, a fall of 8.74%.

Consolidated Net Profit of ₹16.00 Crores down 11.11% from ₹18.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹11.62, down 10.48% from ₹12.98 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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