Manaksia Reports Mixed Financial Results with Record Sales Amid Profitability Challenges in December 2024
Manaksia has announced its financial results for the quarter ending December 2024, showcasing its highest quarterly net sales in five quarters at Rs 187.90 crore. However, the company faces challenges with declining Profit After Tax and rising interest costs, leading to a mixed performance evaluation.
Manaksia, operating in the Aluminium & Aluminium Products industry, has recently reported its financial results for the quarter ending December 2024. The company has experienced notable shifts in its financial metrics, leading to an adjustment in its evaluation.On a positive note, Manaksia achieved its highest quarterly net sales in the last five quarters, reaching Rs 187.90 crore, which reflects a significant growth compared to the average net sales of the previous four quarters. This upward trend in sales indicates a favorable near-term outlook for the company.
Conversely, the financial results also highlight challenges for Manaksia. The Profit After Tax (PAT) has shown a decline compared to the average of the previous quarters, signaling a negative trend in profitability. Additionally, the company has reported a substantial increase in interest costs, which may indicate rising borrowings. Other metrics, such as Earnings per Share (EPS) and the Debtors Turnover Ratio, have also shown concerning trends, suggesting issues with liquidity and operational efficiency.
Overall, these developments have led to a revision in Manaksia's score, reflecting the mixed performance in its latest financial results.
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