'Net sales (including other operating income)
of Veedol Corporation has declined 2.83% to Rs 482.42 crore.
Operating profit margin has declined from
8.38% to 7.90%, leading to 8.41% decline in operating profit to Rs 38.11
crore.
Raw material cost as a % of total
sales (net of stock adjustments) decreased from 55.90% to 52.76%. Purchase of finished goods cost rose from
6.22% to 7.18%. Employee cost increased
from 7.52% to 7.72%. Other expenses
rose from 21.94% to 24.52%. Other
direct service cost rose from 11.09% to 13.75%.
Other income rose 18.59% to Rs 4.72
crore.
PBIDT fell 6.05% to Rs 42.83 crore. Provision for interest rose 10.59% to Rs 0.94
crore.
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