Atlantaa Reports December 2024 Results: Growth in PAT Amid Declining Sales and Efficiency Concerns

Atlantaa, a microcap company in the capital goods industry, has recently reported its financial results for the quarter ending December 2024. The evaluation changes reflect a notable shift in the company's score, which has seen a revision from 4 to 1 over the past three months.
The financial results indicate some positive developments for Atlantaa. The Profit After Tax (PAT) has shown significant growth, reaching Rs 9.21 crore, which represents a substantial year-on-year increase. Additionally, the company has achieved its highest cash and cash equivalents in the last six half-yearly periods, totaling Rs 124.40 crore, suggesting an improvement in short-term liquidity. Furthermore, the Debtors Turnover Ratio has reached a peak of 2.58 times, indicating that Atlantaa has been effective in settling its debtors more swiftly.

Conversely, there are several areas of concern. The Profit Before Tax less Other Income (PBT) has reported a drastic decline, landing at Rs -20.05 crore, marking a significant year-on-year decrease. Net sales have also shown a negative trend, with a year-on-year decline of 45.43%. Additionally, the company has recorded its highest interest expense in the last five quarters, reflecting increased borrowings, while the operating profit margin has reached its lowest point, indicating a decline in operational efficiency.

For more insights on Atlantaa's financial performance, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.