Winsome Textile Industries Reports Mixed Financial Results Amid Improved Liquidity Metrics in December 2024
Winsome Textile Industries has reported mixed financial results for the quarter ending December 2024. While the company achieved its highest cash and cash equivalents in recent periods and improved its debt-equity ratio, it faced challenges with a decline in profit after tax and net sales compared to previous averages.
Winsome Textile Industries has recently reported its financial results for the quarter ending December 2024, revealing a mixed performance. The company's score has undergone an adjustment in evaluation, reflecting a shift from 13 to 8 over the past three months.On a positive note, Winsome Textile has achieved its highest cash and cash equivalents in the last six half-yearly periods, totaling Rs 32.11 crore, indicating an improvement in short-term liquidity. Additionally, the debt-equity ratio has reached its lowest point in the last five half-yearly periods at 0.89 times, suggesting a reduction in borrowing relative to equity capital.
Conversely, the financial results also highlight challenges for the company. Profit After Tax (PAT) for the quarter stands at Rs 5.49 crore, which represents a decline of 13.6% compared to the average PAT of Rs 6.36 crore from the previous four quarters. Similarly, net sales have decreased to Rs 200.70 crore, down 6.0% from the average net sales of Rs 213.43 crore over the same period.
Overall, Winsome Textile Industries is navigating a landscape of both positive liquidity metrics and declining profitability and sales figures.
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