Cheviot Company Reports Mixed Financial Results Amid Operational Improvements and Declining Profitability in December 2024

Cheviot Company, a microcap player in the textile industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a mixed performance, with notable shifts in various financial metrics.
On a positive note, the company recorded a Profit Before Tax less Other Income (PBT) of Rs 12.06 crore, reflecting a significant year-on-year growth of 61.66%. This marks the highest PBT in the last five quarters, suggesting a favorable near-term trend. Additionally, the Operating Profit reached Rs 13.83 crore, also the highest in the same timeframe, with an Operating Profit Margin of 12.80%, indicating improved operational efficiency.

Conversely, the financial results reveal challenges as well. The Profit After Tax (PAT) has seen a substantial decline, reported at Rs 3.44 crore, which represents a year-on-year decrease of 80.8%. Furthermore, both the Inventory Turnover Ratio and Debtors Turnover Ratio have reached their lowest points in the last five half-yearly periods, indicating a slowdown in the company's inventory sales and debtor settlements. Additionally, the Earnings per Share (EPS) has fallen to Rs 5.89, the lowest in five quarters.

In light of these developments, Cheviot Company has experienced an adjustment in its evaluation, reflecting the complexities of its current financial landscape.

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