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30-May-2023

Samkrg Pistons & Rings

PAT down 29.89%


'For the quarter ending March 2023, standalone Net sales (including other operating income) of Samkrg Pistons & Rings has increased 0.45% to Rs 53.49 crore compared to quarter ended Mar 2022. Operating profit margin has declined from 18.33% to 16.10%, leading to 11.78% decline in operating profit to Rs 8.61 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 55.77% to 51.04%.   Employee cost increased from 13.11% to 21.71%.   Other expenses rose from 11.91% to 13.00%.   Stores consumed for sales fell from 1.42% to 0.91%.   Power and Oil fuel cost rose from 6.09% to 7.25%.   

Other income up 206.67% to Rs 0.92 crore.  PBIDT fell 5.27% to Rs 9.53 crore.  Provision for interest up 211.54% to Rs 1.62 crore.  Loan funds declined from Rs 19.27 crore as of 31 March 2022 to Rs 18.40 crore as of 31 March 2023.  Inventories rose to ...



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