'Standalone net sales (including other operating income) of Precision Wires India for the quarter ended Dec 2023 has increased 14.38% to Rs 804.83 crore. Operating profit margin has jumped from 4.65% to 4.80%, leading to 18.29% rise in operating profit to Rs 38.67 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 90.57% to 90.76%. Employee cost decreased from 1.21% to 1.18%. Other expenses fell from 3.72% to 3.46%. Power and Oil fuel cost fell from 1.16% to 1.05%.
PBIDT rose 18.29% to Rs 38.67 crore. Provision for interest up 14.93% to Rs 9.24 crore.
PBDT rose 19.39% to Rs 29.43 crore. Provision for depreciation rose 23.14% to Rs 4.47 crore.
Profit before tax grew 18.74% to Rs 24.96 crore. Provision for tax was expense of Rs 6.91 crore, compared to Rs 5.88 crore. Effective tax rate was 27.6...
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