'Standalone net sales (including other operating income) of Sreeleathers for the quarter ended Jun 2024 has declined 1.89% to Rs 48.69 crore. Operating profit margin has declined from 18.32% to 13.72%, leading to 26.51% decline in operating profit to Rs 6.68 crore. Purchase of finished goods cost rose from 74.02% to 75.63%. Employee cost increased from 3.33% to 4.25%. Other expenses rose from 3.97% to 5.73%.
Other income fell 9.09% to Rs 0.1 crore. PBIDT fell 26.30% to Rs 6.78 crore. Provision for interest up 16.67% to Rs 0.14 crore.
PBDT fell 26.87% to Rs 6.64 crore. Provision for depreciation down 14.29% to Rs 0.3 crore.
Profit before tax down 27.38% to Rs 6.34 crore. Provision for tax was expense of Rs 1.73 crore, compared to Rs 2.25 crore. Effective tax rate was 27.29% compared to 25.77%.
Profit after tax fell 28.86% to Rs 4.6...
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