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30-Oct-2023

Vesuvius India

Sharp improvement in margins


'Standalone net sales (including other operating income) of Vesuvius India has increased 17.16% to Rs 413.38 crore. Operating profit margin has jumped from 14.16% to 19.86%, leading to 64.26% rise in operating profit to Rs 82.08 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 36.05% to 34.42%.   Purchase of finished goods cost fell from 22.38% to 20.41%.   Employee cost decreased from 6.90% to 6.79%.   Other expenses fell from 19.99% to 18.97%.  

Other income up 36.89% to Rs 8.35 crore.  PBIDT rose 61.28% to Rs 90.43 crore.  Provision for interest remained nil. 

PBDT rose 61.03% to Rs 90.29 crore.  Provision for depreciation rose 25.60% to Rs 9.47 crore. 

Prof...



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