'For quarter ending Sept 2024, consolidated Net sales (including other operating income) of Syngene International has declined 2.10% to Rs 891 crore compared to quarter ended Sept 2023. Operating profit margin has declined from 27.92% to 27.47%, leading to 3.66% decline in operating profit to Rs 244.80 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 27.33% to 26.07%. Employee cost increased from 25.49% to 28.41%. Other expenses fell from 18.46% to 17.86%.
Other income fell 23.61% to Rs 16.5 crore. PBIDT fell 5.22% to Rs 261.3 crore. Provision for interest rose 0.77% to Rs 13.1 crore. Loan funds declined from Rs 833.00 crore as of 30 September 2023 to Rs 636.80 crore as of 30 September 2024. Inventories declined from Rs 320.40 crore as of 30 September 2023 to Rs 170.50 crore as of 30 September 2024. Sundry debtors were higher a...
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