Ashnoor Textile Mills Reports Mixed Financial Results for December 2024, Highlighting Profit Growth and Liquidity Concerns

Ashnoor Textile Mills has recently reported its financial results for the quarter ending December 2024, revealing a mix of positive and challenging trends. The company's Profit Before Tax (PBT) for the quarter reached Rs 4.19 crore, reflecting a significant growth of 119.4% compared to the average PBT of the previous four quarters, which stood at Rs 1.91 crore. This indicates a strong near-term trend in profitability.
On the sales front, Ashnoor Textile Mills reported net sales of Rs 87.62 crore for the half-year, marking a year-on-year growth of 41.69%. This performance suggests a robust sales trajectory in the near term.

However, not all aspects of the financial results were favorable. The Profit After Tax (PAT) for the quarter was recorded at Rs 2.98 crore, which represents a decline of 19.9% compared to the average PAT of Rs 3.72 crore from the previous four quarters. Additionally, the company's cash and cash equivalents have reached their lowest point in the last six half-yearly periods, recorded at Rs 1.69 crore, indicating a concerning trend in short-term liquidity.

Overall, Ashnoor Textile Mills has experienced evaluation changes in its financial performance, reflecting both strengths and areas needing attention.

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