L G Balakrishnan Reports Flat Q3 FY24-25 Results Amid Positive Profitability Trends
L G Balakrishnan & Bros has reported its Q3 FY24-25 financial results, showing flat performance overall. However, the company achieved record net sales of Rs 676.90 crore and improved profitability metrics, including operating profit of Rs 113.64 crore, indicating a positive trend in its financial health.
L G Balakrishnan & Bros, a small-cap player in the engineering and industrial equipment sector, has recently reported its financial results for the quarter ending December 2024. The company has experienced a flat financial performance for Q3 FY24-25, with a notable adjustment in its evaluation score, which has shifted to 3 from 8 over the past three months.Despite this revision, several positive indicators have emerged from the latest financials. The inventory turnover ratio has reached its highest level at 6.12 times, demonstrating the company's ability to sell inventory more efficiently over the last five half-year periods. Additionally, net sales for the quarter peaked at Rs 676.90 crore, marking the highest figure in the last five quarters, suggesting a favorable near-term sales trend.
Operating profit also saw a high of Rs 113.64 crore, while profit before tax (PBT) and profit after tax (PAT) reached Rs 87.51 crore and Rs 75.30 crore, respectively, both representing the best performance in the last five quarters. These metrics indicate a positive trend in profitability for L G Balakrishnan.
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