Kesoram Industries Reports Q3 FY24-25 Results Amid Mixed Financial Indicators

Kesoram Industries, a midcap player in the cement industry, has released its financial results for the third quarter of FY24-25 on January 16, 2025. The company has undergone an adjustment in its evaluation, with its score shifting slightly to -11 from -12 over the past three months.
On a positive note, Kesoram Industries reported a profit before tax (PBT) of Rs 31.44 crore, which reflects a notable growth compared to the average PBT of Rs -14.66 crore from the previous four quarters. This figure marks the highest PBT recorded in the last five quarters, suggesting a favorable near-term trend. Additionally, the company's debt-equity ratio has reached its lowest point at -7.81 times in the last five half-yearly periods, indicating a reduction in borrowing relative to equity capital. The debtors turnover ratio also peaked at 44.06 times, pointing to enhanced efficiency in settling debts.

However, Kesoram Industries encountered challenges, with a profit after tax (PAT) of Rs -42.29 crore, reflecting a significant decline year-on-year. Net sales decreased to Rs 65.49 crore, down from the average of the previous four quarters. Furthermore, cash and cash equivalents fell to Rs 6.77 crore, highlighting concerns regarding short-term liquidity.

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