HPL Electric & Power Reports Strong December 2024 Financial Results and Improved Efficiency Metrics
HPL Electric & Power has announced its financial results for the quarter ending December 2024, highlighting a 51.4% increase in Profit After Tax to Rs 18.08 crore and a 27.5% rise in Profit Before Tax to Rs 23.46 crore. The company also improved its Debt-Equity Ratio and Debtors Turnover Ratio.
HPL Electric & Power has recently reported its financial results for the quarter ending December 2024, revealing notable developments in its performance metrics. The company's Profit After Tax (PAT) reached Rs 18.08 crore, reflecting a significant Year on Year (YoY) growth of 51.4%. This positive trend in PAT indicates a strong operational performance during the period.Additionally, the Profit Before Tax (PBT), excluding other income, stood at Rs 23.46 crore, showcasing a Year on Year growth of 27.5%. This growth in PBT further underscores the company's robust financial health in the near term.
On the balance sheet front, HPL Electric has achieved a Debt-Equity Ratio of 0.75 times, marking the lowest level in the last five half-yearly periods. This reduction in borrowing relative to equity capital suggests a strategic approach to managing debt.
Moreover, the Debtors Turnover Ratio has reached its highest point at 2.30 times over the same period, indicating improved efficiency in collecting receivables.
In light of these developments, HPL Electric has experienced an adjustment in its evaluation, with its score reflecting these changes.
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