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18-May-2024

Safari Industries (India)

Robust performance


'Consolidated net sales (including other operating income) of Safari Industries (India) has increased 20.72% to Rs 365.42 crore. Operating profit margin has declined from 19.25% to 18.29%, leading to 14.72% rise in operating profit to Rs 66.85 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 26.39% to 31.64%.   Purchase of finished goods cost fell from 34.50% to 22.01%.   Employee cost decreased from 6.27% to 6.07%.   Other expenses rose from 17.13% to 23.54%.  

Other income rose 89.51% to Rs 5.06 crore.  PBIDT rose 18% to Rs 71.91 crore.  Provision for interest rose 4.09% to Rs 2.29 crore.  Loan funds rose to Rs 146.26 crore as of 31 March 2024 from Rs 139.41 crore as of 31 March 2023.  Inventories rose to ...



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