'For
the quarter ending Sept 2023, consolidated Net sales (including other operating income) of MRF has increased 6.71% to Rs 6217.1 crore compared to quarter ended Sept 2022. Operating profit margin has jumped from 8.25% to 18.61%, leading to 140.74% rise in operating profit to Rs 1,156.91 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 70.27% to 59.31%. Purchase of finished goods cost fell from 0.20% to 0.09%. Employee cost increased from 6.76% to 7.02%. Other expenses rose from 14.66% to 15.28%. Other income fell 8.25% to Rs 70.72 crore. PBIDT rose 120.14% to Rs 1227.63 crore. Provision for interest rose 14.65% to Rs 85.54 crore. Loan funds rose to Rs 3,135.32 crore as of 30 September 2023 from Rs 3,117.79 crore as of 30 September 2022. Inventories declined from Rs 4,319.70 crore as of 30 September 2022 to Rs 4,051...
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