'Consolidated net sales (including other operating income) of Shivalik Bimetal Controls for the quarter ended Jun 2024 has declined 0.95% to Rs 125.98 crore. Operating profit margin has declined from 23.71% to 18.80%, leading to 21.45% decline in operating profit to Rs 23.69 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 52.05% to 58.69%. Employee cost increased from 8.11% to 9.32%. Other expenses fell from 15.49% to 13.49%.
Other income rose 100% to Rs 2.86 crore. PBIDT fell 15.95% to Rs 26.55 crore. Provision for interest fell 23.85% to Rs 0.99 crore.
PBDT fell 15.62% to Rs 25.56 crore. Provision for depreciation fell 3.40% to Rs 2.84 crore.
Profit before tax down 16.93% to Rs 22.72 crore. Share of profit/loss was 40.35% higher at Rs 0.8 crore. Provision for tax was expense of Rs 5.7 crore, co...
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