'Consolidated net sales (including other operating income) of Shivalik Bimetal Controls for the quarter ended Mar 2024 has increased 3.37% to Rs 127.76 crore. Operating profit margin has declined from 22.55% to 17.05%, leading to 21.85% decline in operating profit to Rs 21.78 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 49.74% to 60.02%. Employee cost decreased from 9.61% to 8.74%. Other expenses fell from 16.94% to 15.19%.
Other income rose 712.79% to Rs 13.98 crore. PLI Incentive aggregating to Rs 11.5510 crore has been recognized as other Income which includes Rs 3.00 crore received during FY 2023-24 for FY 202L-22. & Rs 4.3010 crore for FY 2022-23 received after balmce sheet date. Further the stated aggregate amount also includes the PLI incentive
Income amomting to Rs 4.75 crore for FY2023-24 . The Compmy has recognired I...
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