Astron Paper Reports Mixed Financial Results Amid Operational Challenges in December 2024

Astron Paper & Board Mill has recently reported its financial results for the quarter ending December 2024, revealing significant challenges within its operations. The company's evaluation has undergone a revision, reflecting a notable decline in its overall score.
On a positive note, Astron Paper has achieved its highest Debtors Turnover Ratio in the last five half-yearly periods, recorded at 7.56 times, indicating an improved ability to settle debts more swiftly. However, this positive aspect is overshadowed by several concerning trends. The Profit Before Tax less Other Income (PBT) has shown a substantial negative shift, with a reported figure of Rs -19.86 crore, marking a significant year-on-year decline. Similarly, the Profit After Tax (PAT) stands at Rs -27.95 crore, also reflecting a drastic decrease compared to the previous year.

The company's net sales for the half-yearly period have also been adversely affected, showing a decline of 76.03% year-on-year, while the Operating Profit Margin has reached its lowest point at 0.00%. Additionally, the Debt-Equity Ratio has increased to 0.65 times, suggesting a growing reliance on borrowing to sustain operations, which may indicate potential liquidity challenges.

Overall, the financial results for Astron Paper highlight a complex landscape of both strengths and weaknesses, leading to an adjustment in its evaluation.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.