Fiem Industries Reports Strong Sales Growth and Improved Liquidity Amid Debt Collection Challenges in December 2024
Fiem Industries, a small-cap player in the auto ancillary sector, has recently reported its financial results for the quarter ending December 2024. The company has demonstrated positive financial performance, with net sales reaching Rs 1,205.49 crore, reflecting a year-on-year growth of 20.95%. This upward trend in sales indicates a favorable near-term outlook for the company.Additionally, the profit after tax (PAT) for the nine-month period stands at Rs 146.08 crore, showcasing a year-on-year growth of 22.26%. This growth in profitability further supports the positive trajectory observed in the company's financials. Furthermore, Fiem Industries has reported its highest cash and cash equivalents in the last six half-yearly periods, amounting to Rs 217.61 crore, suggesting an improvement in short-term liquidity.
However, not all aspects are performing optimally. The debtors turnover ratio has reached its lowest point in the last five half-yearly periods at 8.97 times, indicating a slowdown in the pace of settling debts.
In light of these developments, Fiem Industries has experienced an adjustment in its evaluation, with its score reflecting recent changes.
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