Allied Blenders & Distillers Reports Strong Financial Performance in September 2024 Quarter
Allied Blenders & Distillers, a midcap company in the breweries and distilleries industry, has reported a significant growth in Profit Before Tax and Profit After Tax for the quarter ending September 2024. The company has also shown improvements in efficiency and earnings, indicating a positive trend in the near term. Investors should monitor the company's future performance.
Allied Blenders & Distillers, a midcap company in the breweries and distilleries industry, has recently declared its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is 'Sell'.According to the financials, Allied Blenders has shown a very positive performance in the second quarter of FY24-25. The company's score has improved from 12 to 24 in the last three months.
Some key highlights from the September 2024 financials include a significant growth of 911.9% in Profit Before Tax less Other Income (PBT) compared to the average PBT of the previous four quarters. The company's Profit After Tax (PAT) has also seen a growth of 818.6% compared to the average PAT of the previous four quarters. This indicates a very positive trend in the near term for PBT and PAT.
Allied Blenders has also shown a strong ability to manage interest payments with an Operating Profit to Interest ratio of 4.12 times, the highest in the last five quarters. The company's Operating Profit (PBDIT) for the quarter is also the highest in the last five quarters, indicating a positive trend in the near term.
The company's efficiency has also improved with the highest Operating Profit Margin of 11.91% in the last five quarters. This shows that Allied Blenders is making better use of its resources to generate profits.
In terms of earnings, the company has created higher earnings for shareholders with the highest Earnings per Share (EPS) of Rs 1.70 in the last five quarters. This indicates increasing profitability for the company.
Overall, Allied Blenders & Distillers has shown a strong financial performance in the September 2024 quarter, with positive trends in key financial indicators. Investors may want to keep an eye on the company's future performance to make informed decisions.
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