'Consolidated net sales (including other operating income) of Avantel for the quarter ended Mar 2024 has declined 20.50% to Rs 41.76 crore. Operating profit margin has jumped from 34.53% to 43.46%, leading to 0.06% rise in operating profit to Rs 18.15 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 40.76% to 32.26%. Employee cost increased from 9.30% to 20.94%. Other expenses fell from 16.35% to 16.18%.
Other income rose 411.11% to Rs 0.46 crore. PBIDT rose 2.08% to Rs 18.61 crore. Provision for interest fell 79.47% to Rs 0.31 crore. Loan funds declined from Rs 30.34 crore as of 31 March 2023 to Rs 17.51 crore as of 31 March 2024. Inventories rose to Rs 46.04 crore as of 31 March 2024 from Rs 44.60 crore as of 31 March 2023. Sundry debtors were higher at Rs 64.18 crore as of 31 March 2024 compared to Rs 39.84 crore as of 31 March 2...
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