Bhilwara Spinners Reports Mixed Financial Results for December Quarter, Highlights Profit Growth and Sales Decline
Bhilwara Spinners has announced its financial results for the quarter ending December 2024, highlighting a significant increase in Profit After Tax to Rs 1.51 crore. However, the company faced challenges with declining net sales and a low Earnings per Share of Rs 0.03, alongside reduced cash reserves.
Bhilwara Spinners has recently reported its financial results for the quarter ending December 2024, showcasing a mix of positive and challenging trends. The company has experienced notable growth in its Profit After Tax (PAT), which reached Rs 1.51 crore, reflecting a significant year-on-year increase of 294.94%. This positive trend in profitability is complemented by an impressive inventory turnover ratio of 5.22 times, indicating that the company has been effective in managing its inventory.However, the financial landscape is not without its hurdles. The net sales for the half-year period stood at Rs 5.18 crore, which represents a decline compared to the previous year. Additionally, the Earnings per Share (EPS) has reached its lowest point in the last five quarters at Rs 0.03, suggesting a decrease in profitability for shareholders. Furthermore, the cash and cash equivalents have also fallen to Rs 0.02 crore, indicating a decline in short-term liquidity.
In light of these developments, Bhilwara Spinners has undergone an adjustment in its evaluation, reflecting the complexities of its current financial situation.
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