'For
the quarter ending March 2024, consolidated Net sales (including other operating income) of M M Forgings has increased 2.37% to Rs 397.5 crore compared to quarter ended March 2023. Operating profit margin has jumped from 17.91% to 19.51%, leading to 11.52% rise in operating profit to Rs 77.54 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 51.55% to 46.82%. Employee cost increased from 8.80% to 9.92%. Other expenses rose from 22.86% to 24.73%. Power and Oil fuel cost rose from 8.16% to 8.81%. Other income rose 22.08% to Rs 5.75 crore. PBIDT rose 12.19% to Rs 83.29 crore. Provision for interest rose 83.03% to Rs 13.27 crore. Loan funds rose to Rs 803.68 crore as of 31 March 2024 from Rs 654.48 crore as of 31 March 2023. Inventories rose to Rs 344.91 crore as of 31 March 2024 from Rs 305.80 crore as of 31 March 202...
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