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Net sales (including other operating income) of Cords Cable Industries has increased 23.37% to Rs 225.70 crore. Operating profit margin has declined from 6.24% to 6.19%, leading to 22.24% rise in operating profit to Rs 13.96 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 81.44% to 82.68%. Employee cost decreased from 4.63% to 4.39%. Other expenses fell from 7.81% to 7.07%.
Other income fell 17.74% to Rs 0.51 crore. PBIDT rose 20.18% to Rs 14.47 crore. Provision for interest up 9.66% to Rs 7.04 crore. EBDT rose 32.21% to Rs 7.43 crore. Provision for depreciation rose 25.48% to Rs 2.61 crore.
Profit before tax grew 36.16% to Rs 4.82 crore. Provision for tax was expense of Rs 1.24 crore, compared to Rs 0.91 crore. Effective tax rate was 25.73% compared to 25.71%. Profit after tax rose 36.12% t...
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