Mohite Industries Reports Mixed Financial Results Amidst Rising Borrowing Costs in December 2024

Feb 17 2025 08:35 PM IST
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Mohite Industries has released its financial results for the quarter ending December 2024, showcasing a mixed performance. While the Debtors Turnover Ratio has improved significantly, both Profit Before Tax and Profit After Tax have declined. Additionally, net sales and interest expenses have also shown unfavorable trends.
Mohite Industries, a microcap player in the textile industry, has recently reported its financial results for the quarter ending December 2024. The evaluation changes reflect a notable shift in the company's score, which has adjusted to 6 from 14 over the past three months.

The financial data reveals some positive aspects for Mohite Industries. The Debtors Turnover Ratio has reached its highest level in the last five half-yearly periods at 4.28 times, indicating that the company has been effective in settling its debtors more swiftly.

Conversely, several metrics indicate challenges for the company. Profit Before Tax (PBT) has recorded a decline, standing at Rs 0.23 crore, which is a decrease compared to the average of the previous four quarters. Similarly, Profit After Tax (PAT) has also fallen to Rs 1.01 crore, reflecting a downward trend. Additionally, net sales have decreased to Rs 37.31 crore, marking a significant drop from prior averages. The interest expense has risen to Rs 7.83 crore, suggesting increased borrowing costs.

Overall, the financial results for Mohite Industries highlight a complex landscape of both strengths and weaknesses.

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