Are Rane (Madras) latest results good or bad?
The company achieved its highest annual operating cash flow at Rs 339.32 crore, signaling enhanced cash generation from its business operations. Additionally, Rane (Madras) demonstrated a strengthened ability to manage interest payments, with an operating profit to interest ratio of 4.39 times. Improvements in liquidity were also noted, with cash and cash equivalents at Rs 34.79 crore and a reduced debt-equity ratio of 1.21 times.
On the dividend front, the company increased its dividend per share to Rs 8.00, with a dividend payout ratio of 26.24%.
However, when examining the quarterly performance, there was a decline in net sales by 2.30% compared to the previous quarter, and a decrease in the growth rate of consolidated net profit to 184.20%, down from a much higher figure in the prior quarter. The operating profit margin also saw a slight reduction.
Overall, Rane (Madras) experienced an adjustment in its evaluation, reflecting the mixed operational trends observed in the latest financial results.
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