'For
the quarter ending Sept 2023, consolidated Net sales (including other operating income) of Nelcast has increased 9.08% to Rs 358.34 crore compared to quarter ended Sept 2022. Operating profit margin has jumped from 8.20% to 8.87%, leading to 17.92% rise in operating profit to Rs 31.78 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 49.86% to 44.91%. Employee cost increased from 4.73% to 5.64%. Other expenses rose from 37.22% to 40.48%. Power and Oil fuel cost rose from 9.42% to 9.61%. Other income rose 36.62% to Rs 4.29 crore. PBIDT rose 19.87% to Rs 36.07 crore. Provision for interest fell 1.25% to Rs 7.89 crore. Loan funds declined from Rs 308.61 crore as of 30 September 2022 to Rs 292.05 crore as of 30 September 2023. Inventories declined from Rs 183.04 crore as of 30 September 2022 to Rs 162.94 crore as of 30 S...
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