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08-Aug-2024

WPIL

Sales up 12%, OPM down 180 bps


'Consolidated net sales (including other operating income) of WPIL for the quarter ended Jun 2024 has increased 12.03% to Rs 362.52 crore.  Operating profit margin has declined from 18.38% to 16.62%, leading to 1.29% rise in operating profit to Rs 60.25 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 21.54% to 17.84%.   Employee cost decreased from 15.39% to 15.02%.   Other expenses rose from 44.47% to 50.59%.   Contract job process charges rose from 26.18% to 38.13%.   Other income rose 188.86% to Rs 11.93 crore.  PBIDT rose 13.47% to Rs 72.18 crore.  Provision for interest rose 0.94% to Rs 7.54 crore.  PBDT rose 15.14% to Rs 64.64 crore.  Provision for depreciation rose 8.64% to Rs 7.67 crore.  Profit before tax grew 16.08% to Rs 56.97 crore.  Share of profit/loss was 93.83% higher at Rs 1.57 crore.  Provision for tax was expense...



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