'Standalone net sales (including other operating income) of Cords Cable Industries for the quarter ended Mar 2024 has increased 26.23% to Rs 179.22 crore. Operating profit margin has declined from 7.75% to 6.75%, leading to 9.91% rise in operating profit to Rs 12.09 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 79.34% to 81.25%. Employee cost decreased from 5.21% to 4.62%. Other expenses rose from 7.50% to 7.51%.
Other income up 260.98% to Rs 1.48 crore. PBIDT rose 18.93% to Rs 13.57 crore. Provision for interest fell 0.29% to Rs 6.88 crore.
PBDT rose 48.34% to Rs 6.69 crore. Provision for depreciation rose 11.83% to Rs 2.08 crore.
Profit before tax grew 73.96% to Rs 4.61 crore. Provision for tax was expense of Rs 1.38 crore, compared to Rs 0.53 crore. Effective tax rate was 29.93% compared to...
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