'Standalone net sales (including other operating income) of Sreeleathers for the quarter ended Mar 2024 has increased 2.71% to Rs 49.60 crore. Operating profit margin has declined from 19.69% to 13.59%, leading to 29.13% decline in operating profit to Rs 6.74 crore. Purchase of finished goods cost rose from 75.20% to 75.42%. Employee cost increased from 3.50% to 4.29%. Other expenses rose from 2.30% to 6.12%.
PBIDT fell 28.65% to Rs 6.9 crore. Provision for interest up 23.08% to Rs 0.16 crore. Loan funds declined from Rs 3.15 crore as of 31 March 2023 to Rs 2.93 crore as of 31 March 2024. Inventories declined from Rs 14.38 crore as of 31 March 2023 to Rs 12.51 crore as of 31 March 2024. Sundry debtors were higher at Rs 0.40 crore as of 31 March 2024 compared to Rs 0.34 crore as of 31 March 2023. Cash and bank balance rose to Rs 10.53 crore as of 31 March 2024 from Rs 7.86...
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