'Standalone net sales (including other operating income) of Precision Wires India for the quarter ended Jun 2024 has increased 18.99% to Rs 955.19 crore. Operating profit margin has jumped from 4.52% to 4.74%, leading to 24.73% rise in operating profit to Rs 45.24 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 91.32% to 91.50%. Employee cost decreased from 1.19% to 1.11%. Other expenses fell from 3.08% to 2.96%. Power and Oil fuel cost fell from 1.05% to 0.81%.
PBIDT rose 24.73% to Rs 45.24 crore. Provision for interest up 8.67% to Rs 10.9 crore.
PBDT rose 30.87% to Rs 34.34 crore. Provision for depreciation rose 11.39% to Rs 4.5 crore.
Profit before tax grew 34.41% to Rs 29.84 crore. Provision for tax was expense of Rs 7.61 crore, compared to Rs 5.65 crore. Effective tax rate was 25.50% compar...
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