'Standalone net sales (including other operating income) of Kennametal India for the quarter ended Mar 2024 has increased 5.12% to Rs 268.80 crore. Operating profit margin has jumped from 11.93% to 16.74%, leading to 47.54% rise in operating profit to Rs 45.00 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 26.64% to 24.32%. Purchase of finished goods cost fell from 30.75% to 28.40%. Employee cost decreased from 14.35% to 13.55%. Other expenses rose from 16.44% to 17.51%. Other income up 257.14% to Rs 5 crore. PBIDT rose 56.74% to Rs 50 crore. Provision for interest remained nil. PBDT rose 56.43% to Rs 49.9 crore. Provision for depreciation rose 10.10% to Rs 10.9 crore. Profit before tax grew 77.27% to Rs 39.00 crore. Provision for tax was expense of Rs 13.4 crore, compared to Rs 6.4 crore. Effective tax rate...
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