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10-Feb-2024

Frontier Springs

Net jumps 113% on good operating show


'Standalone net sales (including other operating income) of Frontier Springs for the quarter ended Dec 2023 has increased 18.95% to Rs 33.02 crore. Operating profit margin has jumped from 9.73% to 15.60%, leading to 90.74% rise in operating profit to Rs 5.15 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 53.58% to 47.56%.   Employee cost increased from 3.34% to 3.58%.   Other expenses fell from 33.92% to 33.22%.   Other income fell 64.29% to Rs 0.05 crore.  PBIDT rose 83.10% to Rs 5.2 crore.  Provision for interest fell 50% to Rs 0.04 crore.  PBDT rose 86.96% to Rs 5.16 crore.  Provision for depreciation rose 16.22% to Rs 0.86 crore.  Profit before tax grew 112.87% to Rs 4.30 crore.  Provision for tax was expense of Rs 1.08 crore, compared to Rs 0.51 crore.  Effective tax rate was 25.12% compared to 25.25%. Profit after tax rose 113.25% to Rs 3....



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