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Standalone net sales (including other operating income) of Veljan Denison for the quarter ended Sep 2023 has increased 7.55% to Rs 31.05 crore. Operating profit margin has declined from 23.21% to 21.96%, leading to 1.79% rise in operating profit to Rs 6.82 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 39.65% to 40.01%. Employee cost increased from 8.20% to 8.56%. Contract job process charges rose from 15.71% to 16.00%. Other income up 5% to Rs 0.63 crore. PBIDT rose 2.05% to Rs 7.45 crore. Provision for interest up 118.18% to Rs 0.48 crore. PBDT fell 1.55% to Rs 6.97 crore. Provision for depreciation down 5.04% to Rs 1.13 crore. Profit before tax down 0.85% to Rs 5.84 crore. Provision for tax was expense of Rs 1.52 crore, compared to Rs 1.53 crore. Effective tax rate was 26.03% compared to 25....
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