Solitaire Machine Tools Reports Stable Q3 FY24-25 Results Amid Liquidity Challenges

Solitaire Machine Tools, a microcap company in the engineering sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a stable performance for the third quarter of FY24-25, with the company's score experiencing an adjustment in evaluation, moving from 4 to 3 over the past three months.
On a positive note, Solitaire Machine Tools achieved its highest operating profit in the last five quarters, reaching Rs 1.05 crore. Similarly, profit before tax (PBT) and profit after tax (PAT) also marked their highest levels at Rs 0.90 crore and Rs 0.71 crore, respectively, during the same period. The earnings per share (EPS) stood at Rs 1.56, reflecting an increase in profitability and enhanced earnings for shareholders.

Conversely, the company faced challenges with its cash and cash equivalents, which were recorded at Rs 0.51 crore, the lowest in the last six half-yearly periods, indicating a decline in short-term liquidity.

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