'On standalone basis
Quarter ended December
2024 compared with Quarter ended December 2023.
Net sales (including other operating income) of Nitin Spinners has increased
11.79% to Rs 838.87 crore.
Operating profit margin
has jumped from 13.69% to 13.97%, leading to 14.05% rise in operating profit to
Rs 117.16 crore. Raw material cost as a % of total sales (net of
stock adjustments) decreased from 65.43% to 62.98%. Employee cost
increased from 6.03% to 6.07%. Other expenses rose from 15.16% to
16.69%. Power and Oil fuel cost fell from 8.97% to 8.68%.
Other income up 113.33%
to Rs 0.64 crore. PBIDT rose 14.34% to Rs 117.8
crore. Provision for interest fell 17.89% to Rs 20.66
crore.
PBDT rose 24.75% to Rs
97.14 crore. Provision for depreciation rose 7.16% to Rs 37.27
crore.
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