Are Enkei Wheels latest results good or bad?
The standalone net profit indicated a significant turnaround, with a growth of 67.74% from a negative figure in the prior quarter. However, this improvement comes against a backdrop of operational difficulties, as the operating cash flow has reached its lowest level in three years at Rs 20.54 crore. This decline raises concerns regarding the sustainability of cash revenues from business operations.
Additionally, the interest expenses for the quarter surged to Rs 6.14 crore, marking the highest level in the last five quarters, which reflects rising costs associated with increased borrowings. The operating profit margin, excluding other income, was reported at 7.23%, showing a slight change from the previous quarter.
In light of these results, Enkei Wheels experienced an adjustment in its evaluation, reflecting the current sentiment surrounding its financial performance. Overall, the financial data indicates a complex situation for the company, with both positive and negative trends present.
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