Though the company has not given Q3FY23 result, it is understood from the already available data.
Sales for Q3FY23 should be 4076 – (1007+911+814) = 1344 Cr
Operating profit should be 330 – (55+33+67) = 175 Cr
Now what I cannot understand is how they got to 13% operating margin that quarter. Though there is operating leverage, do you think it normal for the margin to reach 13% from a meagre 4 – 5% previous quarters? Or am I missing something?
Disc: Invested
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