'
Consolidated
net sales (including other operating income) of Modison Metals for the quarter
ended Jun 2021 has increased 102.10% to Rs 69.38 crore. Operating
profit margin has slumped from 10.78% to 9.51%, leading to 78.38% rise in
operating profit to Rs 6.60 crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 59.63% to 80.90%.
Employee cost decreased from 13.97% to 5.30%. Other
expenses fell from 13.44% to 6.08%. Other income rose 216% to Rs
0.79 crore. Provision for interest rose 158.62% to Rs 0.75
crore. Provision for depreciation rose 4.83% to Rs 1.52 crore. Profit
before tax grew 131.67% to Rs 5.12 crore. EO was up 29% to Rs 2.84 crore.
Share of profit/loss were nil in both the periods. Extraordinary
items were decreased to Rs -2.84 crore. Provision for tax was
expense of Rs 0.62 crore, compared to Rs 0.09 cror...
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