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09-Feb-2024

Gabriel India

OP up 36.7%


'For the quarter ending Dec 2023, standalone Net sales (including other operating income) of Gabriel India has increased 14.46% to Rs 813.81 crore compared to quarter ended Dec 2022.  Operating profit margin has jumped from 7.22% to 8.63%, leading to 36.70% rise in operating profit to Rs 70.21 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 74.71% to 73.18%.   Purchase of finished goods cost fell from 1.35% to 1.13%.   Employee cost decreased from 6.54% to 6.47%.   Other expenses rose from 10.30% to 10.51%.   

Other income up 144.86% to Rs 4.53 crore.  PBIDT rose 40.46% to Rs 74.74 crore.  Provision for interest fell 24.24% to Rs 1 crore.  

PBDT rose 42.11% to Rs 73.74 crore.  Provision for depreciation rose 13.56% to Rs 14.4 crore.  

Profit before tax grew 51.34% to Rs 59.34 crore.  Provision for tax...



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