Gujarat Raffia Industries Reports Stable Evaluation Amid Declining Sales and Liquidity Challenges in December 2024
Gujarat Raffia Industries has released its financial results for the quarter ending December 2024, showing a stable evaluation. The Debtors Turnover Ratio is notably high, indicating effective receivables management. However, net sales have declined significantly, and cash reserves are at a six-period low, highlighting liquidity challenges.
Gujarat Raffia Industries, a microcap player in the packaging industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a stable evaluation, as the score has remained unchanged over the past three months.The financial data reveals some noteworthy aspects for Gujarat Raffia Industries. The Debtors Turnover Ratio has reached a high of 19.39 times over the last five half-yearly periods, suggesting that the company has been effective in settling its debtors more swiftly. This efficiency in managing receivables is a positive indicator for the company's operational performance.
Conversely, the financial results also highlight challenges faced by the company. Net sales for the quarter stood at Rs 6.10 crore, reflecting a decline of 19.3% compared to the average of the previous four quarters, which was Rs 7.56 crore. This trend points to a concerning near-term sales trajectory. Additionally, cash and cash equivalents have dropped to Rs 0.95 crore, marking the lowest level in the last six half-yearly periods, indicating a deterioration in short-term liquidity.
Overall, Gujarat Raffia Industries is navigating a complex financial landscape, with both strengths and weaknesses evident in its latest performance metrics.
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