Safari Industries Reports Record Cash Reserves Amid Declining Profitability for Q4 2024
Safari Industries (India) has reported its financial results for the quarter ending December 2024, showcasing the highest cash and cash equivalents in recent periods at Rs 279.40 crore, indicating improved liquidity. However, the company experienced declines in both Profit Before Tax and Profit After Tax compared to previous quarters.
Safari Industries (India), a midcap player in the plastic products industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's financial performance, with the score reflecting a revision in its evaluation. The financial data reveals that Safari Industries has achieved its highest cash and cash equivalents in the last six half-yearly periods, amounting to Rs 279.40 crore, suggesting an improvement in short-term liquidity. However, the company has faced challenges in profitability metrics. The Profit Before Tax (PBT) for the quarter stands at Rs 33.62 crore, which represents a decline compared to the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) has also shown a decrease, recorded at Rs 31.14 crore, falling short of the average PAT from the prior quarters.
These contrasting elements highlight the complexities in Safari Industries' financial landscape, with positive liquidity developments juxtaposed against declining profitability trends.
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