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Consolidated net sales (including other operating income) of Shivalik Bimetal Controls for the quarter ended Jun 2023 has increased 14.81% to Rs 127.19 crore. Operating profit margin has jumped from 22.95% to 23.71%, leading to 18.65% rise in operating profit to Rs 30.16 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 57.28% to 52.05%. Employee cost increased from 6.40% to 8.11%. Other expenses rose from 15.36% to 15.49%.
Other income fell 73.42% to Rs 1.43 crore. Other income for the quarter ended June 2022 includes fair valuation gains on existing stake in SEPPL & SBEPL aggregating to Rs 512.44 Lakhs (Rs 3.2916 crore on valuation gains on acquiring stake in SEPL & SBEPL & RS 1.9328 crore on account of deferred tax liability in accordance with Ind AS 103 Business combination).
PBIDT rose 2.56% to Rs 31.59 crore...
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