'For quarter ending June 2024, consolidated Net sales (including other operating income) of Sharda Motor Industries has increased 4.79% to Rs 685.43 crore compared to quarter ended June 2023. Operating profit margin has jumped from 10.43% to 13.96%, leading to 40.18% rise in operating profit to Rs 95.66 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 77.07% to 71.56%. Employee cost increased from 4.74% to 5.21%. Other expenses rose from 5.66% to 7.09%.
Other income rose 6.68% to Rs 19.63 crore. PBIDT rose 33.07% to Rs 115.29 crore. Provision for interest fell 5.88% to Rs 0.48 crore.
PBDT rose 33.30% to Rs 114.81 crore. Provision for depreciation rose 5.67% to Rs 12.87 crore.
Profit before tax grew 37.85% to Rs 101.94 crore. Share of profit/loss was 292.31% higher at Rs 0.51 crore. Provision...
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