'Net sales (including
other operating income) of Grindwell Norton for the quarter ended Mar 2023 has
increased 18.95% to Rs 664.8 crore. Operating profit margin has
declined from 22.12% to 19.45%, leading to 4.57% rise in operating profit to Rs
129.29 crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 28.94% to 32.33%. Purchase of finished
goods cost fell from 13.73% to 10.65%. Employee cost increased from
12.06% to 13.19%. Other expenses rose from 23.41% to 23.65%.
Other income rose 83.04% to Rs 21.16 crore. PBIDT rose
11.28% to Rs 150.45 crore. Provision for interest fell 9.80% to Rs
1.84 crore. PBDT rose 11.60% to Rs 148.61
crore. Provision for depreciation rose 15.83% to Rs 15.29
crore. Profit before tax grew 11.14% to Rs 133.32
crore. Share of profit/loss was 1,333.33% lower at Rs -0.43
crore. Provi...
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