'V
I P Industries consolidated net sales increased 7.71% to Rs 636.13 crore in
Q1FY24 compared to Q1FY23. Operating
profit margin has declined from 17.37% to 12.67%, leading to 21.45% decline in
operating profit to Rs 80.60 crore. Raw
material cost as a % of total sales (net of stock adjustments) decreased from
36.42% to 30.24%. Purchase of finished
goods cost rose from 11.88% to 21.24%.
Employee cost decreased from 10.55% to 10.22%. Other expenses rose from 23.17% to
25.87%.
Other
income fell 62.55% to Rs 2.64 crore.
PBIDT fell 24.09% to Rs 83.24 crore.
Provision for interest rose 64.68% to Rs 10.77 crore.
PBDT
fell 29.72% to Rs 72.47 crore.
Provision
for depreci...
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