Captain Polyplast Reports Strong Q4 Results Amid Debt Collection Challenges

Captain Polyplast has recently reported its financial results for the quarter ending December 2024, showcasing a notable performance in various metrics. The company has experienced a revision in its evaluation, with its score reflecting a shift from -8 to 10 over the past three months.
Key highlights from the financial results indicate that Captain Polyplast achieved its highest operating profit to interest ratio in the last five quarters, recorded at 4.67 times, suggesting an enhanced capacity to manage interest obligations. Additionally, the profit before tax, excluding other income, reached Rs 8.40 crore, marking a significant year-on-year growth of 46.85%.

The company's net sales also peaked at Rs 90.25 crore, while operating profit stood at Rs 11.30 crore, both representing the highest figures in the last five quarters. Furthermore, the profit after tax reached Rs 6.73 crore, reflecting a year-on-year growth of 35.4%.

However, the financial results also highlighted a challenge, as the debtors turnover ratio was noted to be at its lowest in the last five half-yearly periods, indicating a slowdown in the pace of settling debts.

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