'Standalone net sales (including other operating income) of Precision Wires India for the quarter ended Mar 2024 has increased 10.55% to Rs 883.99 crore. Operating profit margin has jumped from 3.88% to 4.89%, leading to 39.30% rise in operating profit to Rs 43.24 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 91.72% to 90.20%. Employee cost increased from 1.13% to 1.27%. Other expenses rose from 3.31% to 3.62%. Power and Oil fuel cost fell from 1.04% to 0.88%. PBIDT rose 39.30% to Rs 43.24 crore. Provision for interest fell 2.75% to Rs 9.21 crore. Loan funds rose to Rs 98.61 crore as of 31 March 2024 from Rs 16.17 crore as of 31 March 2023. Inventories rose to Rs 287.36 crore as of 31 March 2024 from Rs 227.30 crore as of 31 March 2023. Sundry debtors were lower at Rs 421.72 crore as of 31 March 2024 compared to Rs 459.35 crore as...
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