Premco Global Reports Strong Q3 FY24-25 Sales Amid Debt Management Challenges

Feb 06 2025 07:40 PM IST
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Premco Global has reported its financial results for Q3 FY24-25, showing stable performance with the highest quarterly net sales in five quarters at Rs 27.95 crore. However, the company faces challenges in debt management, as indicated by a decline in its Debtors Turnover Ratio to 7.50 times.
Premco Global, a microcap player in the textile industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a stable performance for Q3 FY24-25, with the company's score reflecting a notable adjustment in evaluation, moving to 0 from -10 over the past three months.

The financial data reveals that Premco Global achieved its highest quarterly net sales in the last five quarters, totaling Rs 27.95 crore. This positive trend in sales suggests a favorable near-term outlook for the company. However, the financial results also highlight challenges, particularly in the company's Debtors Turnover Ratio, which has reached its lowest point at 7.50 times over the last five half-yearly periods. This indicates a slowdown in the pace at which the company is settling its debts.

Overall, the financial results present a mixed picture for Premco Global, showcasing both strengths in sales performance and areas requiring attention in debt management.

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