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Consolidated net sales (including other operating income) of Avantel for the quarter ended Jun 2024 has declined 24.93% to Rs 51.76 crore. Operating profit margin has jumped from 20.67% to 27.36%, leading to 0.63% decline in operating profit to Rs 14.16 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 53.15% to 34.27%. Employee cost increased from 9.99% to 20.94%. Other expenses rose from 10.17% to 16.53%.
Other income rose 42.86% to Rs 0.3 crore. PBIDT stood at Rs 14.46 crore compared to profit of Rs 14.46 crore. Provision for interest fell 57.05% to Rs 0.64 crore. PBDT rose 6.55% to Rs 13.82 crore. Provision for depreciation rose 82.17% to Rs 2.86 crore. Profit before tax down 3.86% to Rs 10.96 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 3.58 crore...
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