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31-Jul-2024

Panama Petrochem

OP up 12%, NP up 9%


'Consolidated net sales (including other operating income) of Panama Petrochem has increased 26.67% to Rs 670.78 crore.  Operating profit margin has declined from 11.05% to 9.81%, leading to 12.50% rise in operating profit to Rs 65.81 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 79.08% to 77.43%.   Purchase of finished goods cost rose from 4.11% to 6.12%.   Employee cost decreased from 0.64% to 0.52%.   Other expenses rose from 5.31% to 6.18%.  

Other income fell 61.43% to Rs 1.94 crore.  PBIDT rose 6.64% to Rs 67.75 crore.  Provision for interest fell 15.96% to Rs 3.58 crore. 

PBDT rose 8.27% to Rs 64.17 crore.  Provision for deprec...



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