D P Wires Reports Declining Financial Performance Amid Strong Inventory Turnover in December 2024

D P Wires, a microcap company in the Steel/Sponge Iron/Pig Iron industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a very negative financial performance, with the company's score experiencing an adjustment in evaluation from -23 to -22 over the past three months.
On a positive note, D P Wires has achieved a notable inventory turnover ratio, reaching 42.51 times on a half-yearly basis, which reflects the company's ability to sell its inventory efficiently. This metric has shown consistent growth over the last five half-yearly periods.

Conversely, several key financial metrics reveal challenges for D P Wires. The company reported net sales of Rs 154.56 crore, reflecting a significant decline of 39.10% year on year. Additionally, profit before tax less other income (PBT) fell to Rs 3.77 crore, marking a decrease of 49.60% year on year. Profit after tax (PAT) also saw a decline, reported at Rs 4.96 crore, down 21.5% year on year. Furthermore, the operating profit margin reached its lowest point in the last five quarters at 3.36%, indicating a deterioration in operational efficiency.

Overall, D P Wires faces considerable headwinds as it navigates these financial challenges.

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