Are Manaksia Steels latest results good or bad?
Manaksia Steels' latest results show strong growth in profit and sales, with a significant increase in Profit Before Tax and Profit After Tax, but rising interest costs and a decline in growth rates compared to the previous quarter indicate mixed operational performance. Overall, the results are positive but come with some challenges.
Manaksia Steels has reported its financial results for the quarter ending March 2025, showcasing several noteworthy operational trends. The company achieved a significant increase in Profit Before Tax (PBT), which reached Rs 4.03 crore, reflecting a substantial growth compared to the average PBT of the previous four quarters. Profit After Tax (PAT) also rose to Rs 4.71 crore, indicating a notable increase over the previous four-quarter average. Net sales reached Rs 204.14 crore, marking a five-quarter high and a growth of 37.7% from the previous average. Additionally, Operating Profit (PBDIT) reached its highest level in five quarters at Rs 8.95 crore, and Earnings per Share (EPS) improved to Rs 0.72, suggesting enhanced profitability for shareholders.
However, the company faced challenges with rising interest costs, as quarterly interest expenses grew by 62.68%, indicating increased borrowings. The quarterly growth rates for net sales and consolidated net profit showed a decline compared to the previous quarter, with net sales growth at 27.21% and consolidated net profit growth at 103.02%.
Overall, the company saw an adjustment in its evaluation over the last three months, reflecting the mixed operational performance.
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