Cosmo Ferrites Reports December 2024 Results Highlighting Profit Improvements Amid Liquidity Concerns

Cosmo Ferrites, a microcap player in the electronics components industry, has recently reported its financial results for the quarter ending December 2024. The evaluation changes reflect a notable shift, with the score moving to 1 from -7 over the past three months. The latest financials indicate several positive trends for Cosmo Ferrites. The operating profit to interest ratio has reached its highest point in five quarters at 1.15 times, suggesting an enhanced capacity to manage interest obligations. Additionally, the profit before tax (PBT) has shown improvement, recording its highest figure in the same timeframe at Rs -0.99 crore. Similarly, profit after tax (PAT) has also reached a peak of Rs -0.45 crore, indicating a positive near-term trend. Earnings per share (EPS) have improved to Rs -0.37, reflecting a rise in profitability and higher earnings for shareholders. Conversely, some challenges persist. The cash and cash equivalents have dropped to Rs 4.22 crore, marking the lowest level in the last six half-yearly periods, which raises concerns about short-term liquidity. Furthermore, the debt-equity ratio has climbed to 2.73 times, the highest in five half-yearly periods, indicating increased borrowing to support operations and potential liquidity stress. Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.