'Consolidated net sales (including other operating income) of Lakshmi Machine Works for the quarter ended Dec 2023 has declined 0.62% to Rs 1213.97 crore. Operating profit margin has declined from 10.24% to 9.71%, leading to 5.83% decline in operating profit to Rs 117.86 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 64.13% to 63.36%. Employee cost increased from 7.45% to 8.44%. Other expenses fell from 18.70% to 18.57%. Other income fell 2% to Rs 31.8 crore. PBIDT fell 5.04% to Rs 149.66 crore. Provision for interest remained nil. PBDT fell 5.70% to Rs 148.61 crore. Provision for depreciation rose 11.04% to Rs 23.34 crore. Profit before tax down 8.28% to Rs 125.27 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 26.5 crore, compared to Rs 23.59 crore. Effective tax ...
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