T T Reports Flat Q3 FY24-25 Results Amid Significant Year-on-Year PAT Growth

T T, a microcap company in the textile industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 10, 2025, indicate a flat financial performance for Q3 FY24-25. Notably, the company's evaluation has undergone an adjustment, with its score rising to 4 from 1 over the pasT Three months.
The financial data reveals several positive trends for T T. The Profit After Tax (PAT) for the half-year period stands at Rs 1.50 crore, reflecting a significant year-on-year growth of 171.77%. This figure surpasses the PAT of Rs -0.48 crore from the preceding twelve-month period, indicating a notable turnaround. Additionally, net sales reached Rs 56.58 crore, marking the highest level in the last five quarters, suggesting a favorable near-term sales trend. Furthermore, the debt-equity ratio has improved, recorded at its lowest of 1.10 times in the last five half-year periods, indicating a reduction in borrowing relative to equity capital.

Conversely, challenges remain for T T. The company's cash and cash equivalents have reached a low of Rs 0.22 crore, reflecting a decline in short-term liquidity. Additionally, the debtors turnover ratio has also decreased to 5.22 times, indicating a slowdown in the pace of settling debts.

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