SGL Resources Reports Strong Sales Growth Amid Rising Interest Expenses in December 2024 Results
SGL Resources has announced its financial results for the quarter ending December 2024, highlighting a significant increase in net sales and profit after tax. The company also reported its highest cash and cash equivalents in recent periods, although it faces rising interest expenses due to increased borrowings.
SGL Resources has recently reported its financial results for the quarter ending December 2024, revealing notable trends in its performance. The company's net sales for the half-year reached Rs 29.52 crore, reflecting a significant year-on-year growth of 333.48%. This positive sales trend indicates a robust demand for its offerings.Additionally, the profit after tax (PAT) for the nine-month period stood at Rs 1.57 crore, showcasing a remarkable year-on-year increase of 220.41%. This growth in profitability suggests effective operational management during the period.
On the liquidity front, SGL Resources reported cash and cash equivalents at their highest level in the last six half-yearly periods, amounting to Rs 10.47 crore. This improvement in short-term liquidity is a positive sign for the company's financial health.
However, the company is facing challenges as well. The interest expense for the nine-month period surged to Rs 19.98 crore, marking a substantial increase of 1,402.26% compared to the preceding nine months. This rise in interest costs indicates a significant uptick in borrowings, which could impact future financial stability.
Overall, SGL Resources has experienced evaluation changes, with its score reflecting a shift from 17 to 13 over the last three months.
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