'Standalone net sales (including other operating income) of Frontier Springs for the quarter ended Mar 2024 has increased 51.42% to Rs 44.14 crore. Operating profit margin has jumped from 12.66% to 16.81%, leading to 101.08% rise in operating profit to Rs 7.42 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 50.07% to 47.19%. Employee cost increased from 2.95% to 3.23%. Other expenses fell from 34.64% to 31.67%. Other income up 119.05% to Rs 0.46 crore. PBIDT rose 102.05% to Rs 7.88 crore. Provision for interest remained nil. PBDT rose 103.65% to Rs 7.82 crore. Provision for depreciation rose 11.34% to Rs 1.08 crore. Profit before tax grew 134.84% to Rs 6.74 crore. Provision for tax was expense of Rs 1.69 crore, compared to Rs 0.7 crore. Effective tax rate was 25.07% compared to 24.39%. Profit after tax rose 132.72% to Rs 5.05 crore.
- Sales of Coil spiring & Forging items segment has gone up 51.41% to Rs 44.14 cro...
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