'For quarter ending June 2024, standalone Net sales (including other operating income) of Motherson Sumi Wiring India has increased 17.54% to Rs 2,184.84 crore compared to quarter ended June 2023. Operating profit margin has jumped from 10.44% to 10.93%, leading to 23.02% rise in operating profit to Rs 238.78 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 65.41% to 65.23%. Employee cost decreased from 17.74% to 17.15%. Other expenses rose from 6.33% to 6.72%.
Other income fell 63.25% to Rs 4.98 crore. PBIDT rose 17.39% to Rs 243.76 crore. Provision for interest fell 29.15% to Rs 5.47 crore.
PBDT rose 19.19% to Rs 238.29 crore. Provision for depreciation rose 18% to Rs 39.93 crore.
Profit before tax grew 19.43% to Rs 198.36 crore. Provision for tax was expense of Rs 49.49 crore, compared to Rs 42.96 crore....
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