Advance Metering Technology Reports Mixed Financial Results Amid Operational Efficiency Gains in December 2024

Advance Metering Technology has recently reported its financial results for the quarter ending December 2024, revealing notable trends in its performance. The company, operating within the electric equipment industry, has experienced a revision in its evaluation, with its score adjusting to -7 from -6 over the past three months.
On a positive note, the inventory turnover ratio has reached its highest level at 2.81 times, indicating that the company has been effective in selling its inventory more rapidly over the last five half-year periods. This aspect reflects operational efficiency in managing stock levels.

Conversely, the financial results also highlight significant challenges. The profit before tax less other income (PBT) has reported a substantial decline, standing at Rs -5.06 crore, which marks a drastic year-on-year change. Similarly, profit after tax (PAT) has also shown a steep decline, recorded at Rs -4.53 crore. Additionally, operating profit has reached its lowest point in the last five quarters at Rs -3.51 crore, and earnings per share (EPS) have fallen to Rs -2.82, indicating a trend of declining profitability.

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