'Consolidated net sales (including other operating income) of Techno Electric & Engineering Company for the quarter ended Mar 2024 has increased 40.47% to Rs 439.62 crore.
Operating profit margin has jumped from 2.28% to 12.37%, leading to 664.04% rise in operating profit to Rs 54.40 crore. Employee cost decreased from 4.22% to 2.74%. Other expenses fell from 93.61% to 85.51%. Selling and administration expenses fell from 82.88% to 78.49%. Construction development cost fell from 82.88% to 78.49%.
Other income rose 37.83% to Rs 31.26 crore. PBIDT rose 187.45% to Rs 85.66 crore. Provision for interest fell 32.11% to Rs 4.27 crore. PBDT rose 246.19% to Rs 81.39 crore. Provision for depreciation rose 1.02% to Rs 1.99 crore.
Profit before tax grew 268.62% to Rs 79.40 crore. Share of profit/loss were nil in both the periods. ...
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