Indian Card Clothing Company Reports December 2024 Results Highlighting Profit Growth Amid Sales Decline

Feb 13 2025 11:21 AM IST
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Indian Card Clothing Company has announced its financial results for the quarter ending December 2024, showing a significant increase in Profit After Tax to Rs 8.08 crore, up 103.93% year-on-year. However, net sales declined to Rs 10.56 crore, down 16.39%, indicating mixed performance in profitability and revenue generation.
Indian Card Clothing Company, a player in the textile machinery sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's evaluation, with the score rising to 3 from 1 over the past three months.

The financial data reveals a significant growth in Profit After Tax (PAT), which reached Rs 8.08 crore, reflecting a year-on-year increase of 103.93%. This positive trend in profitability suggests that the company has effectively managed its costs or improved its operational efficiency during this period.

Conversely, the net sales for the quarter were reported at Rs 10.56 crore, showing a year-on-year decline of 16.39%. This downturn in sales indicates challenges in revenue generation, which may impact the company's overall financial health moving forward.

Overall, the financial results for Indian Card Clothing Company highlight contrasting trends in profitability and sales performance, leading to an adjustment in its evaluation.

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