Bluechip Tex Industries Reports Flat Q3 FY24-25 Results Amid Sales Decline and Improved Receivables Management

Feb 11 2025 09:30 PM IST
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Bluechip Tex Industries has announced its financial results for the quarter ending December 2024, showing flat performance for Q3 FY24-25. The company achieved a Debtors Turnover Ratio of 40.79 times, indicating improved efficiency in managing receivables, while net sales declined to Rs 60.98 crore compared to previous quarters.
Bluechip Tex Industries, a microcap player in the textile industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 11, 2025, indicate a flat performance for the third quarter of FY24-25. Notably, the company's evaluation has undergone an adjustment, with its score shifting to -1 from a previous score of 3 over the last three months.

On a positive note, the company has demonstrated efficiency in managing its receivables, achieving a Debtors Turnover Ratio of 40.79 times, the highest recorded in the last five half-yearly periods. This suggests that Bluechip Tex Industries has been effective in settling its debts more swiftly.

Conversely, the financial results reveal challenges in net sales, which amounted to Rs 60.98 crore. This figure reflects a decline of 6.0% compared to the average net sales of Rs 64.85 crore over the previous four quarters, indicating a negative trend in near-term sales performance.

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