'For
quarter ended March 2024, consolidated Net sales (including other operating income) of Syngene International has declined 7.79% to Rs 916.9 crore compared to quarter ended March 2023. Operating profit margin has jumped from 31.59% to 34.56%, leading to 0.89% rise in operating profit to Rs 316.90 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 26.78% to 19.42%. Employee cost increased from 24.83% to 25.60%. Other expenses rose from 15.56% to 19.22%. Other income fell 29.39% to Rs 16.1 crore. PBIDT fell 1.16% to Rs 333 crore. Provision for interest rose 24.04% to Rs 12.9 crore. Loan funds declined from Rs 815.20 crore as of 31 March 2023 to Rs 555.20 crore as of 31 March 2024. Inventories declined from Rs 332.80 crore as of 31 March 2023 to Rs 238.50 crore as of 31 March 2024. Sundry debtors were lower at Rs 441.60 c...
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Consolidated capex spend was Rs 3,087 crore
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Robust physical performance
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Sales up 11% and NP increased 13.93%
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