'For
quarter ending Dec 2023, consolidated Net sales (including other operating income) of SKF India has increased 1.40% to Rs 1092.31 crore compared to quarter ended Dec 2022. Operating profit margin has declined from 17.09% to 15.79%, leading to 6.29% decline in operating profit to Rs 172.48 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 22.98% to 26.75%. Purchase of finished goods cost fell from 37.09% to 32.21%. Employee cost increased from 6.02% to 7.87%. Other expenses fell from 17.45% to 16.82%. Other income rose 81.73% to Rs 23.68 crore. PBIDT fell 0.47% to Rs 196.16 crore. Provision for interest fell 30.56% to Rs 0.25 crore.
PBDT fell 0.42% to Rs 195.91 crore. Provision for depreciation rose 10.93% to Rs 18.88 crore.
Profit before tax down 1.49% to Rs 177.03 crore. Provisio...
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