''For
the quarter ending March 2024, consolidated Net sales (including other operating income) of Nelcast has declined 5.65% to Rs 295.47 crore compared to quarter ended March 2023. Operating profit margin has declined from 6.01% to 5.27%, leading to 17.32% decline in operating profit to Rs 15.56 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 47.64% to 44.52%. Employee cost increased from 5.35% to 5.82%. Other expenses rose from 41.10% to 44.52%. Power and Oil fuel cost rose from 10.46% to 11.01%. Other income rose 87% to Rs 3.74 crore. PBIDT fell 7.30% to Rs 19.3 crore. Provision for interest fell 5.73% to Rs 7.89 crore. Loan funds rose to Rs 328.92 crore as of 31 March 2024 from Rs 303.68 crore as of 31 March 2023. Inventories rose to Rs 189.70 crore as of 31 March 2024 from Rs 158.19 crore as of 31 March 2023. ...
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