'For quarter ending June 2024, consolidated Net sales (including other operating income) of Sundram Fasteners has increased 6.16% to Rs 1497.67 crore compared to quarter ended June 2023.
Operating profit margin has jumped from 16.05% to 16.50%, leading to 9.18% rise in operating profit to Rs 247.16 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 41.71% to 41.12%. Employee cost decreased from 9.91% to 9.34%. Other expenses rose from 32.21% to 33.06%.
Other income rose 14.86% to Rs 5.18 crore. PBIDT rose 9.29% to Rs 252.34 crore. Provision for interest fell 28.11% to Rs 6.93 crore.
PBDT rose 10.92% to Rs 245.41 crore. Provision for depreciation rose 3.74% to Rs 53.8 crore.
Profit before tax grew 13.12% to Rs 191.61 crore. Share of profit/loss were nil in both the periods. Provision for tax...
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