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19-Oct-2023

Polycab India

Net up 59% on strong operating show


'Consolidated net sales (including other operating income) of Polycab India for the quarter ended Sep 2023 has increased 26.57% to Rs 4217.7 crore.  Operating profit margin has jumped from 12.83% to 14.44%, leading to 42.39% rise in operating profit to Rs 608.93 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 67.39% to 71.00%.   Purchase of finished goods cost fell from 4.65% to 3.16%.   Employee cost decreased from 3.59% to 3.40%.   Other expenses fell from 11.01% to 9.15%.   Selling and administration expenses rose from 0.52% to 0.97%.   Freight charges fell from 2.79% to 1.89%.   Other direct service cost rose from 0.78% to 0.87%.   PBIDT rose 51.43% to Rs 644.25 crore.  Provision for interest rose 92.73% to Rs 26.79 crore. PBDT rose 50.04% to Rs 617.46 crore.  Provision for depreciation rose 15.36% to Rs 60.3 crore.    Profit b...



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