Are Manaksia Coated latest results good or bad?
Manaksia Coated Metals & Industries reported stable financial results for Q1 2025, achieving its highest quarterly net sales in five quarters at Rs 207.89 crore and a peak operating profit of Rs 15.17 crore. However, growth rates for net sales and consolidated net profit declined compared to the previous quarter, indicating mixed performance.
Manaksia Coated Metals & Industries has reported its financial results for the quarter ending March 2025, showing a flat performance compared to previous periods. Notably, the company achieved its highest quarterly net sales in the last five quarters at Rs 207.89 crore, reflecting stable demand for its products. The operating profit before depreciation, interest, and taxes (PBDIT) also reached a peak of Rs 15.17 crore, indicating a strong performance in operational profitability.However, the growth rates for both net sales and consolidated net profit have shown a decline when compared to the previous quarter. Specifically, net sales grew by 1.39%, a reduction from the 17.23% growth observed in December 2024. Similarly, consolidated net profit exhibited a growth of 0.40%, down from an impressive 112.29% in the prior quarter.
Despite these fluctuations, the figures suggest a positive near-term trend in sales and profitability for Manaksia Coated Metals & Industries. It is also noted that the company experienced an adjustment in its evaluation over the last three months, reflecting changes in its financial standing.
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