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Pix Transmission Ltd Q2FY24; 31% rise 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 Q2FY24 of ₹124.00 Crores up from ₹119.00 Crore year on year, a rise of 4.2%.

Total Expenses for Q2FY24 of ₹100.00 Crores down from ₹103.00 Crores year on year, a fall of 2.91%.

Consolidated Net Profit of ₹21.00 Crores up 31.25% from ₹16.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹15.19, up 27.65% from ₹11.90 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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