CG Power Reports Mixed Financial Results for December Quarter, Highlights Growth and Challenges
CG Power & Industrial Solutions has announced its financial results for the quarter ending December 2024, revealing a profit before tax of Rs 301.26 crore and record net sales of Rs 2,515.68 crore. However, the profit after tax declined, and the debtors turnover ratio hit a recent low, indicating mixed performance.
CG Power & Industrial Solutions has recently reported its financial results for the quarter ending December 2024, showcasing notable developments in its performance metrics. The company has experienced a positive shift in its evaluation, with its score reflecting a significant adjustment over the past three months.In terms of financial highlights, CG Power & Ind reported a profit before tax (PBT) of Rs 301.26 crore, marking a substantial growth compared to the average PBT of the previous four quarters. Additionally, net sales reached a record high of Rs 2,515.68 crore, demonstrating consistent growth over the last five quarters. The operating profit also peaked at Rs 331.04 crore, indicating a favorable trend in operational efficiency. Furthermore, the company's cash and cash equivalents stood at Rs 871.18 crore, the highest in the last six half-yearly periods, suggesting an improvement in short-term liquidity.
Conversely, the financial results also highlighted some challenges. The profit after tax (PAT) recorded a decline compared to the previous quarters, and the debtors turnover ratio reached its lowest point in recent periods, indicating a slowdown in the company's ability to settle its debts.
Overall, CG Power & Industrial Solutions has undergone a revision in its score, reflecting the mixed performance across various financial metrics.
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