'Standalone net sales (including other operating income) of Ador Welding for the quarter ended Sep 2023 has increased 22.23% to Rs 225.96 crore. Operating profit margin has jumped from 8.19% to 12.08%, leading to 80.32% rise in operating profit to Rs 27.30 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 64.62% to 60.77%. Purchase of finished goods cost fell from 4.13% to 2.67%. Employee cost increased from 8.05% to 8.59%. Other expenses rose from 14.53% to 14.85%.
Other income up 100.65% to Rs 3.11 crore. PBIDT rose 82.20% to Rs 30.41 crore. Provision for interest up 78% to Rs 0.89 crore. PBDT rose 82.33% to Rs 29.52 crore. Provision for depreciation rose 17.19% to Rs 3.34 crore. Profit before tax grew 96.25% to Rs 26.18 crore. Provision for tax was expense of Rs 6.6 crore, compared to Rs 3.36 crore. ...
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