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12-Aug-2022

Morganite Crucible (India)

PBT before EO down 3%


'Morganite Crucible (India) standalone net sales increased 19.25% to Rs 40.27 crore in Q1FY23 compared to Q1FY22. 

Operating profit margin has declined from 20.05% to 16.19%, leading to 3.69% decline in operating profit to Rs 6.52 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 35.75% to 46.55%.   Purchase of finished goods cost fell from 3.79% to 0.32%.   Employee cost decreased from 11.04% to 9.03%.   Other expenses fell from 30.41% to 27.87%.  

Other income up 8.49% to Rs 1.15 crore.  PBIDT fell 2.04% to Rs 7.67 crore.  Provision for interest remained nil. 

PBDT fell 2.04% to Rs 7.67 crore.  Provision for depreciation rose 2.91% to Rs...



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