Alicon Castalloy Reports Positive Financial Results in Q1 FY25
Alicon Castalloy, a smallcap company in the auto ancillary industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financials, Alicon Castalloy has shown a very positive performance in the quarter, with a score of 23, compared to 29 in the previous quarter. This indicates a steady improvement in the company’s financials.
One of the key factors contributing to this positive performance is the company’s operating profit to interest ratio, which is the highest it has been in the last five quarters at 5.56 times. This shows that Alicon Castalloy is effectively managing its interest payments, which is a good sign for investors.
Another positive aspect is the company’s net sales, which have been consistently growing each quarter in the last five quarters and reached a high of Rs 439.98 crore in the June 2024 quarter. This indicates a strong sales trend in the near term.
Alicon Castalloy has also been able to improve its inventory turnover ratio, which is the highest it has been in the last five half-yearly periods at 11.47 times. This means that the company is able to sell its inventory at a faster rate, which is a positive sign for its financial health.
In terms of profitability, the company’s profit before tax (PBT) has grown at 28.4% over the average PBT of the previous four quarters, reaching Rs 24.74 crore in the June 2024 quarter. Similarly, the profit after tax (PAT) has also shown a growth of 24.3% over the average PAT of the previous four quarters, reaching Rs 19.04 crore in the same quarter. This indicates a positive trend in the company’s near term profitability.
Overall, Alicon Castalloy has shown a strong financial performance in the June 2024 quarter, with improvements in key areas such as operating profit, net sales, inventory turnover, and profitability. This bodes well for the company’s future growth and stability in the auto ancillary industry.
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