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18-Jan-2024

Polycab India

Sales up 17%, net up 15%


'Consolidated net sales (including other operating income) of Polycab India for the quarter ended Dec 2023 has increased 16.83% to Rs 4340.47 crore.  Operating profit margin has declined from 13.6% to 13.1%, leading to 13.03% rise in operating profit to Rs 569.51 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 70.41% to 68.40%.   Purchase of finished goods cost rose from 2.70% to 2.84%.   Employee cost increased from 3.05% to 3.35%.   Other expenses rose from 10.26% to 12.64%.   Selling and administration expenses rose from 1.71% to 2.03%.   Freight charges fell from 2.21% to 1.96%.   Other direct service cost rose from 1.16% to 2.50%.   Other income rose 78.91% to Rs 70.99 crore.  PBIDT rose 17.84% to Rs 640.5 crore.  Provision for interest rose 248.06% to Rs 32.23 crore.  PBDT rose 13.85% to Rs 608.27 crore.  Provision ...



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