'Standalone net sales (including other operating income) of Ratnaveer Precision Engineering for the quarter ended Jun 2024 has increased 73.57% to Rs 204.22 crore. Operating profit margin has declined from 12.42% to 12.05%, leading to 68.38% rise in operating profit to Rs 24.60 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 82.11% to 84.17%. Employee cost decreased from 1.41% to 0.90%. Other expenses fell from 4.38% to 3.65%.
Other income up 17.31% to Rs 0.61 crore. PBIDT rose 66.62% to Rs 25.21 crore. Provision for interest up 39.07% to Rs 4.77 crore.
PBDT rose 74.70% to Rs 20.44 crore. Provision for depreciation rose 190.29% to Rs 2.99 crore.
Profit before tax grew 63.54% to Rs 17.45 crore. Provision for tax was expense of Rs 4.94 crore, compared to Rs 2.46 crore. Effective tax rate was 28.31%...
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