Radiant Cash Management Reports Strong December 2024 Results Amid Evaluation Adjustments

Feb 14 2025 06:59 PM IST
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Radiant Cash Management Services announced its financial results for the quarter ending December 2024, showcasing its highest quarterly net sales and operating profit in five quarters. The company reported significant growth in profit before tax and profit after tax, alongside a notable earnings per share figure.
Radiant Cash Management Services has recently reported its financial results for the quarter ending December 2024, revealing notable developments in its performance metrics. The company achieved its highest quarterly net sales in the last five quarters, reaching Rs 115.89 crore, indicating a positive trend in sales. Additionally, Radiant Cash reported an operating profit of Rs 21.77 crore, also the highest in this timeframe, reflecting an enhancement in operational efficiency with an operating profit margin of 18.79%.

The profit before tax, adjusted for other income, stood at Rs 18.37 crore, marking a significant growth compared to the average of the previous four quarters. This trend is mirrored in the profit after tax, which reached Rs 13.35 crore, and earnings per share, which hit Rs 1.25, both representing the highest figures in the last five quarters.

However, the company has experienced an adjustment in its evaluation, with its score falling to 7 from 8 over the past three months. This revision highlights the need for careful consideration of the sustainability of its non-operating income, which, while at a high of Rs 1.66 crore, may not be a reliable source of revenue moving forward.

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