Oil Country Tubular Reports Strong Q3 FY24-25 Results with Significant Growth Indicators

Jan 29 2025 05:48 PM IST
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Oil Country Tubular has announced its financial results for Q3 FY24-25, revealing significant year-on-year growth in net sales and profit after tax. Key performance indicators, including the operating profit to interest ratio and inventory turnover ratio, have shown marked improvements, indicating enhanced operational efficiency and profitability.
Oil Country Tubular has reported its financial results for the quarter ending December 2024, showcasing a notably positive performance for Q3 FY24-25. The company has experienced a significant adjustment in its evaluation, with its score reflecting a shift from 12 to 28 over the past three months.

The financial data reveals that net sales reached Rs 41.21 crore, marking a substantial year-on-year growth of 589.13%. This trend indicates a robust sales trajectory for the company. Additionally, profit after tax (PAT) stood at Rs 1.64 crore, demonstrating a year-on-year increase of 110.2%. The operating profit to interest ratio has also reached its highest level in five quarters at 9.33 times, suggesting an enhanced capacity to manage interest obligations.

Furthermore, the inventory turnover ratio has improved, recorded at 1.65 times, indicating that the company is effectively selling its inventory. Other metrics, such as operating profit margin and earnings per share, have also reached their highest levels in the last five quarters, reflecting improved operational efficiency and profitability.

Overall, Oil Country Tubular's recent financial results highlight a series of positive developments across various performance indicators.

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