Ucal Reports December 2024 Financial Results Highlighting Profit Growth Amid Rising Costs

Ucal, a microcap player in the auto ancillary industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's financial landscape, with a revision in its score reflecting these changes.
The quarter showcased a significant profit after tax (PAT) of Rs 6.32 crore, marking a substantial growth compared to the average PAT of the previous four quarters, which stood at Rs -5.24 crore. This performance represents the highest PAT recorded in the last five quarters, suggesting a positive near-term trend in profitability. Additionally, earnings per share (EPS) reached Rs 2.86, also the highest in the last five quarters, indicating an increase in earnings for shareholders. Furthermore, cash and cash equivalents improved to Rs 12.97 crore, the highest in the last six half-yearly periods, pointing to enhanced short-term liquidity.

Conversely, the financial results also highlighted challenges for Ucal. The profit before tax (PBT) was reported at Rs -7.63 crore, reflecting a decline compared to the previous four-quarter average. Rising interest costs, now at Rs 23.41 crore, indicate increased borrowings, while non-operating income has surged to 197.82% of PBT, raising concerns about sustainability.

Overall, Ucal's recent financial results reveal a complex picture of growth and challenges, leading to adjustments in evaluation.

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