Suyog Telematics Reports Flat Q3 FY24-25 Results Amid Record Net Sales and Debt Reduction

Suyog Telematics, a small-cap player in the telecommunication equipment industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a flat performance for Q3 FY24-25, with notable changes in the company's evaluation. The score has experienced a revision, reflecting shifts in its financial standing over the past three months.
On a positive note, Suyog Telematics achieved its highest quarterly net sales at Rs 48.78 crore, demonstrating consistent growth each quarter over the last five quarters. Additionally, the company has successfully lowered its debt-equity ratio to 0.46 times, marking the lowest level in the last five half-yearly periods, which suggests a strategic reduction in borrowing relative to equity capital.

Conversely, the financial results also highlight challenges for Suyog Telematics. The profit after tax (PAT) for the quarter stood at Rs 17.18 crore, showing a decline of 10.1% year on year. Similarly, profit before tax less other income (PBT) was reported at Rs 18.31 crore, reflecting a decrease of 9.09% year on year. These trends indicate areas of concern that the company may need to address moving forward.

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