Samrat Forgings Reports Strong PAT Growth Amid Rising Interest Expenses in December 2024 Results
Samrat Forgings has reported its financial results for the quarter ending December 2024, showing a significant year-on-year increase in Profit After Tax, reaching Rs 3.03 crore. However, the company faces challenges with rising quarterly interest expenses, which have hit a five-quarter high, indicating potential financial strain.
Samrat Forgings, a microcap player in the castings and forgings industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 13, 2025, indicate a notable shift in the company's evaluation, with its score adjusting to 10 from 15 over the past three months.The financial data reveals a significant growth in Profit After Tax (PAT) for the half-year period, reaching Rs 3.03 crore, which reflects a year-on-year increase of 232.97%. This performance is particularly noteworthy as it surpasses the PAT of Rs 2.84 crore recorded in the preceding twelve-month period, indicating a strong upward trend in profitability.
However, the company is also facing challenges, as evidenced by the quarterly interest expenses, which have reached their highest level in the last five quarters at Rs 1.80 crore. This represents an increase of 11.11% quarter-on-quarter, suggesting that rising interest costs may be linked to increased borrowings.
Overall, the financial results for Samrat Forgings highlight both positive developments in profitability and concerns regarding rising interest expenses.
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