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31-May-2024

India Nippon Electricals

Solid performance


'Consolidated net sales (including other operating income) of India Nippon Electricals has increased 23.87% to Rs 195.68 crore.  Operating profit margin has jumped from 9.43% to 11.04%, leading to 45.03% rise in operating profit to Rs 21.61 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 64.54% to 62.65%.   Purchase of finished goods cost rose from 2.61% to 4.00%.   Employee cost increased from 11.93% to 12.22%.   Other expenses fell from 11.46% to 9.84%.   Other direct service cost fell from 4.43% to 4.34%.  

Other income rose 64.88% to Rs 8.31 crore.  PBIDT rose 50.05% to Rs 29.92 crore.  Loan funds declined from Rs 3.65 crore as of 31 March 2023 to Rs 2.94 crore as of 31 ...



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