Kamadgiri Fashion Reports Strong Q3 FY24-25 Results Amid Sales Decline

Jan 15 2025 06:00 PM IST
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Kamadgiri Fashion announced its third-quarter financial results for FY24-25, highlighting a substantial increase in Profit Before Tax and Profit After Tax, alongside a peak in operating profit. Despite these gains, the company experienced a decline in net sales, while improving its Debtors Turnover Ratio.
Kamadgiri Fashion, a microcap player in the textile industry, has reported its financial results for the third quarter of FY24-25, declaring a positive performance despite some challenges. The results were announced on January 15, 2025. The company's evaluation has undergone notable changes, reflecting a shift in its assessment over the past three months.

Key highlights from the financial results include a significant increase in Profit Before Tax (PBT), which reached Rs 1.35 crore, marking a year-on-year growth of 187.10%. Profit After Tax (PAT) also saw a remarkable rise, reaching Rs 1.00 crore, up 200.0% year-on-year. Operating Profit (PBDIT) hit its highest level in five quarters at Rs 2.78 crore, with an operating profit margin of 6.23%, indicating improved efficiency.

However, the company faced a decline in net sales, which totaled Rs 44.64 crore, reflecting a year-on-year decrease of 22.05%. Additionally, the Debtors Turnover Ratio reached its highest point in the last five half-yearly periods at 7.99 times, suggesting improved debt collection efficiency.

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