Olectra Greentech slumps after Q4 PAT declines over 49% YoY
Mumbai, April 26 -- Net sales declined by 23.2% YoY to Rs 288.81 crore during the period under review.
On the segmental front, revenue from the Insulator division was Rs 45.45 crore (down 4% YoY) and that from e-vehicle division was Rs 243.36 crore (down 26% YoY) in the fourth quarter.
Total operating expenditure for Q4 March 2024 added up to Rs 254.35 crore, down 22% YoY. While the company's raw material costs declined (down 26.9 YoY), other expenses and employee costs recorded an increase of 17.1% YoY and 30.1%, respectively.
The company's interest costs jumped 69% to Rs 13.06 crore in Q4 FY24 from Rs 7.73 crore in Q4 FY23.
Profit before tax in Q4 FY24 stood at Rs 20.11 crore, down by 42.6% from Rs 35.06 crore in Q4 FY23.
For FY24,...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.