Pasupati Spinning Reports December 2024 Results: Profitability Peaks Amid Liquidity Concerns

Pasupati Spinning & Weaving Mills has recently reported its financial results for the quarter ending December 2024, showcasing notable developments in its performance metrics. The company has experienced a positive shift in its overall evaluation, with a score adjustment reflecting a significant change from the previous period.
Key highlights from the financial results indicate that Pasupati Spinning achieved its highest operating profit to interest ratio in the last five quarters, standing at 1.83 times. This improvement suggests a strengthening ability to manage interest obligations. Additionally, the operating profit (PBDIT) reached Rs 2.11 crore, marking a peak in profitability for the same timeframe. The operating profit margin also saw an uptick, recorded at 8.34%, indicating enhanced operational efficiency.

On the profitability front, the profit before tax (PBT) and profit after tax (PAT) both reached their highest levels in the last five quarters, at Rs 0.52 crore and Rs 0.49 crore, respectively. Furthermore, earnings per share (EPS) improved to Rs 0.52, reflecting increased profitability for shareholders.

However, challenges remain, particularly in liquidity, as cash and cash equivalents have declined to Rs 1.29 crore, the lowest in the last six half-yearly periods. Additionally, the debtors turnover ratio has decreased to 3.54 times, suggesting a slower pace in settling receivables.

Overall, Pasupati Spinning's recent financial results highlight a mix of positive trends and areas requiring attention.

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