S.A.L Steel Reports December 2024 Results Highlighting Sales Growth Amid Rising Interest Expenses
S.A.L Steel has announced its financial results for Q3 FY24-25, highlighting stability in performance. Profit Before Tax reached Rs 4.64 crore, while net sales hit Rs 193.82 crore, the highest in five quarters. However, interest expenses rose to Rs 4.67 crore, reflecting increased borrowings.
S.A.L Steel has recently reported its financial results for the quarter ending December 2024, revealing notable developments within the company. The financial performance for Q3 FY24-25 has shown stability, with the evaluation experiencing an adjustment in its score, moving from 2 to 3 over the past three months.The financial data indicates a significant growth in Profit Before Tax less Other Income (PBT), which reached Rs 4.64 crore, marking a substantial increase compared to the average PBT of the previous four quarters. Additionally, net sales for the quarter stood at Rs 193.82 crore, reflecting a considerable rise over the average net sales from the last four quarters. This figure represents the highest net sales recorded in the last five quarters, suggesting a positive trend in sales performance.
On the other hand, the company has faced challenges, particularly with interest expenses, which have risen to Rs 4.67 crore, the highest in the last five quarters. This increase in interest costs indicates a rise in borrowings, which could impact future financial flexibility.
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