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Standalone net sales (including other operating income) of Sreeleathers for the quarter ended Dec 2023 has increased 22.88% to Rs 58.16 crore. Operating profit margin has declined from 18.91% to 16.61%, leading to 7.93% rise in operating profit to Rs 9.66 crore. Purchase of finished goods cost rose from 72.91% to 74.29%. Employee cost increased from 3.50% to 3.69%. Other expenses rose from 3.65% to 5.22%.
Other income up 25% to Rs 0.15 crore. PBIDT rose 8.16% to Rs 9.81 crore. Provision for interest up 45.45% to Rs 0.16 crore.
PBDT rose 7.70% to Rs 9.65 crore. Provision for depreciation down 5.56% to Rs 0.34 crore.
Profit before tax grew 8.26% to Rs 9.31 crore. Provision for tax was expense of Rs 2.45 crore, compared to Rs 2.19 crore. Effective tax rate was 26.32% compared to 25.47%.
Profit after tax rose 7.0...
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