'For
the quarter ending March 2024, consolidated Net sales (including other operating income) of Banco Products (India) has increased 18.80% to Rs 723.87 crore compared to quarter ended March 2023. Operating profit margin has declined from 16.13% to 15.76%, leading to 16.07% rise in operating profit to Rs 114.05 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 52.25% to 59.94%. Employee cost decreased from 11.67% to 10.34%. Other expenses fell from 19.22% to 14.55%. Other income rose 113.25% to Rs 6.44 crore. PBIDT rose 18.97% to Rs 120.49 crore. Provision for interest fell 8.88% to Rs 6.57 crore. Loan funds rose to Rs 422.97 crore as of 31 March 2024 from Rs 417.57 crore as of 31 March 2023. Inventories declined from Rs 994.89 crore as of 31 March 2023 to Rs 922.04 crore as of 31 March 2024. Sundry debtors were higher a...
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