Axel Polymers Reports December 2024 Results: Debt Management Gains Amid Revenue Decline
Axel Polymers has released its financial results for the quarter ending December 2024, revealing a complex situation. While the Debtors Turnover Ratio indicates effective debt management, net sales have significantly declined, marking the lowest in five quarters. Additionally, both Profit Before Tax and Profit After Tax show substantial losses.
Axel Polymers, a microcap player in the plastic products industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's financial standing, with a revision in its score reflecting the challenges faced during this period.The company's Debtors Turnover Ratio has reached a high of 14.97 times over the last five half-yearly periods, suggesting that Axel Polymers has been effective in settling its debts more swiftly. However, the financial results also reveal significant hurdles. Net sales for the quarter stood at Rs 11.11 crore, marking a substantial decline compared to the previous year. This figure represents the lowest sales recorded in the last five quarters, indicating a concerning trend in revenue generation.
Additionally, the Profit Before Tax (PBT) has shown a drastic decline, with a reported loss of Rs -0.77 crore, reflecting a challenging year-on-year comparison. The Profit After Tax (PAT) for the half-yearly period also indicates a negative trajectory, with a loss of Rs -1.57 crore.
Overall, Axel Polymers' recent financial results highlight a complex landscape, characterized by both operational efficiencies in debt management and significant revenue and profit challenges.
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