Banswara Syntex Reports Financial Results Indicating Increased Borrowing and Profitability Challenges in March 2025

Banswara Syntex, a microcap player in the Garments & Apparels industry, has recently reported its financial results for the quarter ending March 2025. The results indicate a notable shift in the company's financial health, with the score reflecting a revision in its evaluation from -2 to -7 over the past three months.
The financial data reveals several underlying trends. Interest expenses for the latest six-month period have reached Rs 22.12 crore, marking a growth of 26.62% compared to the previous half-year. This increase suggests a rise in borrowings, which could impact the company's financial stability. Additionally, the Profit After Tax (PAT) for the quarter stands at Rs 5.87 crore, showing a decline of 5.2% relative to the average PAT of Rs 6.19 crore from the previous four quarters. This trend points to challenges in maintaining profitability in the near term.

Furthermore, the company's non-operating income constitutes 77.62% of its Profit Before Tax (PBT), indicating a reliance on income from non-business activities, which may not be sustainable in the long run.

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