Conart Engineers Reports Mixed Financial Results with Highest Net Sales in Five Months

Feb 13 2025 04:19 PM IST
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Conart Engineers has announced its financial results for the quarter ending December 2024, showcasing stable net sales of Rs 14.16 crore, the highest in five quarters. However, the company reported a decline in operating profit and profit margins, indicating challenges in operational efficiency during the same period.
Conart Engineers, a microcap company in the capital goods industry, has released its financial results for the quarter ending December 2024. The results indicate a stable financial performance during this period. Notably, net sales reached Rs 14.16 crore, marking the highest figure recorded in the last five quarters, suggesting a positive near-term sales trend.

However, the company faced challenges in other areas. The operating profit for the quarter was reported at Rs 0.21 crore, the lowest in the same five-quarter span, indicating a negative trend in operating profit. Additionally, the operating profit margin fell to 1.48%, reflecting a decline in the company's efficiency. Profit before tax, less other income, also reached a low of Rs 0.02 crore, further highlighting the negative trend in this metric.

In light of these results, Conart Engineers has experienced an adjustment in its evaluation, with its score moving from -4 to -2 over the past three months. This revision reflects the mixed performance across various financial metrics.

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