Sharp jump in PAT was largely driven by higher sales, lower interest and depreciation cost as proportion to sales and lower tax incidence. 

 For year-to-date (YTD) results analysis

Net sales (including other operating income) of Cords Cable Industries for the nine month ended Dec 2023 has increased 16.72% to Rs 448.52 crore.  

Operating profit margin has declined from 7.43% to 6.51%, leading to 2.38% rise in operating profit to Rs 29.22 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 79.48% to 80.57%.   Employee cost decreased from 4.88% to 4.86%.   Other expenses rose from 8.01% to 8.03%.   

Other income up 282.65% to Rs 3.75 crore.  PBIDT rose 11.69% to Rs 32.97 crore.  Provision for interest up 6.99% to Rs 17.76 crore.  

PBDT rose 17.72% to Rs 15.21 crore.  Provision for depreciation rose 4.12% to Rs 6.07 crore.  Profit before tax grew 28.91% to Rs 9.14 crore.  Provision for tax was expense of Rs 2.3 crore, compared to Rs 1.99 crore.  Effective tax rate was 25.16% compared to 28.07%.Profit after tax rose 34.12% to Rs 6.84 crore.  

Promoters’ stake was 51.78% as of 31 December 2023 ,compared to 51.77% as of 31 December 2022 .