CSL Finance Reports Mixed Q2 Results Amid Rising Debt and Profit Challenges

Feb 11 2025 05:09 PM IST
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CSL Finance's financial results for the quarter ending December 2024 show a mixed performance. Net sales increased to Rs 107.45 crore, indicating strong demand, while profit before tax fell to Rs 22.24 crore, the lowest in five quarters. The debt-equity ratio also rose, reflecting greater reliance on borrowing.
CSL Finance has recently reported its financial results for the quarter ending December 2024, revealing a mixed performance in key areas. The company's net sales for the half-year reached Rs 107.45 crore, reflecting a year-on-year growth of 28.36%. This positive trend in sales indicates a robust demand for its services, which could be a favorable sign for the company's operational capabilities.

However, the results also highlight challenges for CSL Finance. The profit before tax less other income (PBT) has reached its lowest point in the last five quarters at Rs 22.24 crore, marking a year-on-year decline of 5.44%. This decline suggests that the company is facing pressures that may impact its profitability in the near term. Additionally, the debt-equity ratio has risen to 1.14 times, the highest in the last five half-yearly periods, indicating an increased reliance on borrowing to support operations, which may raise concerns about liquidity.

In light of these developments, CSL Finance has undergone an adjustment in its evaluation, reflecting the current financial landscape.

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