Azad Engineering Reports Strong Q3 Results Amid Rising Interest Expenses and Score Adjustment

Azad Engineering, a midcap player in the auto ancillary industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance, with net sales reaching Rs 120.48 crore, marking the highest figure in the last five quarters and reflecting a positive trend in sales growth. Profit Before Tax (PBT) also reached a peak of Rs 28.97 crore, showcasing consistent growth over the same period.
The operating profit, recorded at Rs 42.82 crore, further underscores the company's strong performance, while Profit After Tax (PAT) hit Rs 23.92 crore, representing a significant increase compared to previous quarters. Additionally, earnings per share (EPS) reached Rs 4.05, indicating enhanced profitability for shareholders.

However, the financial results also reveal an adjustment in evaluation, as the score has shifted from 17 to 13 over the past three months. This change reflects a broader assessment of the company's financial health. Notably, interest expenses have risen to Rs 6.42 crore, suggesting an increase in borrowings.

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