Bannari Amman Spinning Mills Reports Strong December 2024 Financial Results, Highlights Operational Efficiency
Bannari Amman Spinning Mills, a microcap player in the textile industry, has recently reported its financial results for the quarter ending December 2024. The company has experienced notable developments in its financial metrics, leading to an adjustment in its evaluation score, which has risen to 11 from 10 over the past three months.The financial results indicate a significant year-on-year growth in Profit After Tax (PAT), which reached Rs 3.28 crore, reflecting a robust increase of 120.92%. This positive trend in PAT is complemented by the company's improved ability to manage interest payments, as evidenced by an operating profit to interest ratio of 1.85 times, the highest recorded in the last five quarters.
Additionally, Bannari Amman Spinning Mills has achieved its highest quarterly operating profit (PBDIT) of Rs 20.24 crore in the last five quarters, alongside an operating profit margin of 9.50%. The company has also shown a commitment to reducing its debt, with a debt-equity ratio of 1.15 times, the lowest in the last ten half-yearly periods.
These developments reflect a positive trajectory for Bannari Amman Spinning Mills, highlighting its operational efficiency and financial health.
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