'Consolidated net sales (including other operating income) of Veljan Denison for the quarter ended Mar 2024 has increased 20.53% to Rs 36.75 crore. Operating profit margin has jumped from 14.46% to 23.29%, leading to 94.10% rise in operating profit to Rs 8.56 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 37.35% to 35.98%. Employee cost decreased from 12.94% to 11.34%. Other expenses fell from 34.65% to 29.97%. Contract job process charges fell from 16.84% to 13.33%.
Other income rose 19.05% to Rs 0.75 crore. PBIDT rose 84.72% to Rs 9.31 crore.
PBDT rose 87.50% to Rs 9.15 crore. Provision for depreciation fell 2.61% to Rs 1.49 crore.
Profit before tax grew 128.66% to Rs 7.66 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 1.97 crore, compared to R...
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