Revenue and Profitability Trends
JTEKT India’s net sales have shown a notable increase from ₹1,381.44 crores in March 2017 to ₹2,043.93 crores in March 2023. Despite some volatility, including a dip in 2021, the overall trend reflects robust growth, particularly between 2021 and 2023 where sales surged by nearly 53%. Operating profit margins, excluding other income, have varied over the years, peaking at 13.64% in 2018 before moderating to 9.14% in 2023. This indicates a tightening of margins, possibly due to rising raw material costs and other expenses.
Profit after tax (PAT) has mirrored this growth pattern, rising from ₹32.42 crores in 2017 to ₹87.12 crores in 2023. The PAT margin improved from 2.35% in 2017 to 4.26% in 2023, highlighting enhanced profitability desp...
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