'Consolidated net sales (including other operating income) of Elecon Engineering Company for the quarter ended Jun 2024 has declined 5.30% to Rs 392.36 crore.
Operating profit margin has declined from 24.13% to 23.54%, leading to 7.59% decline in operating profit to Rs 92.38 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 45.48% to 42.20%. Employee cost increased from 10.73% to 11.78%. Other expenses rose from 20.43% to 22.88%. Other direct service cost rose from 8.25% to 8.85%.
Other income rose 69.76% to Rs 14.43 crore. PBIDT fell 1.53% to Rs 106.81 crore. Provision for interest fell 7.29% to Rs 2.29 crore.
PBDT fell 1.40% to Rs 104.52 crore. Provision for depreciation rose 3.30% to Rs 12.83 crore.
Profit before tax down 2.02% to Rs 91.69 crore. Share of profit/loss was 176...
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