''For quarter ending June 2024, consolidated Net sales (including other operating income) of M M Forgings has increased 3.25% to Rs 382.19 crore compared to quarter ended June 2023.
Operating profit margin has jumped from 17.68% to 19.13%, leading to 11.75% rise in operating profit to Rs 73.13 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 48.31% to 46.30%. Employee cost increased from 9.29% to 10.06%. Other expenses fell from 25.33% to 24.98%. Power and Oil fuel cost fell from 8.99% to 8.70%.
Other income rose 5.52% to Rs 5.54 crore. PBIDT rose 11.29% to Rs 78.67 crore. Provision for interest rose 51.30% to Rs 14.54 crore.
PBDT rose 4.99% to Rs 64.13 crore. Provision for depreciation rose 5.66% to Rs 22.01 crore.
Profit before tax grew 4.65% to Rs 42.12 crore. Share of profit/loss were nil in ...
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