'For
the quarter ending March 2024, consolidated Net sales (including other operating income) of Sundram Fasteners has increased 1.28% to Rs 1466.48 crore compared to quarter ended March 2023.Operating profit margin has declined from 15.68% to 15.57%, leading to 0.60% rise in operating profit to Rs 228.33 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 43.09% to 40.48%. Employee cost increased from 9.10% to 9.49%. Other expenses rose from 32.10% to 34.37%. Other income rose 219.66% to Rs 11.22 crore. PBIDT rose 3.94% to Rs 239.55 crore. Provision for interest fell 36.53% to Rs 8.08 crore. Loan funds declined from Rs 730.29 crore as of 31 March 2023 to Rs 646.54 crore as of 31 March 2024. Inventories rose to Rs 947.77 crore as of 31 March 2024 from Rs 923.42 crore as of 31 March 2023. Sundry debtors were higher at Rs 1,247.25 ...
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