'Standalone net sales (including other operating income) of DDev Plastiks Industries for the quarter ended Mar 2024 has declined 10.49% to Rs 597.26 crore. Operating profit margin has jumped from 9.97% to 14.04%, leading to 26.02% rise in operating profit to Rs 83.84 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 80.89% to 73.87%. Employee cost increased from 1.45% to 1.70%. Other expenses rose from 7.68% to 10.22%.
Other income fell 10.66% to Rs 7.96 crore. PBIDT rose 21.69% to Rs 91.8 crore. Provision for interest fell 34.53% to Rs 5.12 crore. Loan funds rose to Rs 66.27 crore as of 31 March 2024 from Rs 56.17 crore as of 31 March 2023. Inventories declined from Rs 217.73 crore as of 31 March 2023 to Rs 205.29 crore as of 31 March 2024. Sundry debtors were higher at Rs 398.19 crore as of 31 March 2024 compared to Rs 363....
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