'Standalone net sales (including other operating income) of Ratnaveer Precision Engineering has increased 31.77% to Rs 254.56 crore. Operating profit margin has declined from 9.17% to 8.08%, leading to 16.15% rise in operating profit to Rs 20.57 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 87.40% to 87.91%. Employee cost increased from 0.92% to 1.47%. Other expenses rose from 2.84% to 2.94%.
Other income fell 49.49% to Rs 0.5 crore. PBIDT rose 12.67% to Rs 21.07 crore. Provision for interest up 8.99% to Rs 3.76 crore.
PBDT rose 13.51% to Rs 17.31 crore. Provision for depreciation rose 124.04% to Rs 4.1 crore.
Profit before tax down 1.56% to Rs 13.21 crore. Provision for tax was expense of Rs 1.9 crore, compared to Rs 4.16 crore. Effective tax rate was 14.38% compared to 31.00%.
Profit a...
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